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pennies2007

04/11/16 11:02 PM

#139220 RE: Heavyweight #139219

Yep, that it did. One of the key things I picked up from the Sam Seiden videos is the way price action behaves as it approaches a zone that it's going to respect. Most often, you get one big, final candle that, in this case, makes a slight new high. That forces the unknowing retail crowd to pile in thinking it's gonna bust out topside but it's actually a bull trap.

That's why many times the zones we have marked get missed by several pips. I had a UCAD short the other day that missed entry by only 2 pips and I was already 5 pips below the actual zone level and still missed the entry.

After viewing Sam's videos, he recommends front running the zones by a few pips because good, solid zones mean that we're competing with the institutions and they tend to get a leg up on the turn around point.

After missing several trades due to that, I can see the logic in it.