Daily Forex Net Trap Trades and discussion

This is a discussion on Daily Forex Net Trap Trades and discussion within the Forex Net Trap forums, part of the Specialists' Corner category; Morning all, good to be here in the private forum. Max...

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Old Jul 21, 2010, 6:30am   #9
Joined May 2010
Re: Daily Forex Net Trap Trades and discussion

Morning all, good to be here in the private forum.

Max
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Old Jul 21, 2010, 6:30am   #10
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Re: Daily Forex Net Trap Trades and discussion

Morning all. Well after all the excitement of the new forum I make it a no trade day. Any dissenters?
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Old Jul 21, 2010, 6:31am   #11
 
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Re: Daily Forex Net Trap Trades and discussion

mark120169 started this thread Morning all.

Dual posting until more are on here, some regulars still waiting for access.

No Trade today. MA40 only dropping by 0.5

M
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Old Jul 21, 2010, 6:31am   #12
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Re: Daily Forex Net Trap Trades and discussion

No VNT for me today
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Old Jul 21, 2010, 6:36am   #13
 
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Re: Daily Forex Net Trap Trades and discussion

mark120169 started this thread
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Originally Posted by FxMax View Post
No VNT for me today
Also ADX indicator is running below 20 and under the + & - DI lines, not a good sign, seen a a signal to avoid trading trend system such as MA falling or rising trend based systems such as NT.

M
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Old Jul 21, 2010, 6:37am   #14
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Re: Daily Forex Net Trap Trades and discussion

Any one trading a varient - or any personal sysytem. I am just sitting on hands at the moment but the overnight consolidation could well lead to a big move - now where's that crystal ball.
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Old Jul 21, 2010, 6:52am   #15
 
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Re: Daily Forex Net Trap Trades and discussion

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Originally Posted by mdc670 View Post
Any one trading a varient - or any personal sysytem. I am just sitting on hands at the moment but the overnight consolidation could well lead to a big move - now where's that crystal ball.
No. All variants are based off NT so if NT says No Trade, even instant trades are No Trade.

Any other trade is a punt and not Net Trap at all.

M
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Old Jul 21, 2010, 10:57am   #16
 
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Re: Daily Forex Net Trap Trades and discussion

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Originally Posted by mark120169 View Post
No. All variants are based off NT so if NT says No Trade, even instant trades are No Trade.

Any other trade is a punt and not Net Trap at all.

M
So what was the story behind this mornings long punt then?

I had a nice sleep through it all this morning, I look on the other place, and open IG and theres a massive red spiking candle, and nearly instant pull back! Have a day off and miss all the fun.
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