It seems that most of the examples of market traps which I’ve shared over the years, were all traps which trigger very quickly.
We all like the quick ones. They’re easy. Like this one:
See here for the TST, BOF & BPB Setups.
Let’s see what happens as price breaks the swing high at C:
And the outcome:
Interestingly, had I not been trading this trap opportunity, would I perhaps have seen the even better one that followed immediately after?
We all love the traps that trigger quickly and move immediately in the positive direction.
But traps don’t always spring quickly.
Sometimes they require a little patience.
Sometimes they play out slowly.
Like this one which occurred a bit later:
When a trap doesn’t trigger straight away, be patient.
Price action can still provide the shock necessary to trap the other market participants.
Remain alert.
And as always… keeping assessing the price movement from the perspective of “the other trader” and their fears, their hopes and their dreams.
Know your enemy! Strike when they’re weakest.
Happy trading,
Lance Beggs