This is an intraday indicator
Set timeframe to 5 min
Take long entry on the high brakes of selling traps
Take short entry on the low brakes of buying traps
ignore traps left to red zones
Use the nearest trap
take profit/loss on a 1:2 risk-to-reward basis.
Trap trading is a trading strategy that seeks to profit from false...
As a long-term buyer/short-seller, you will always find different ways to enter the market , moving average crossovers, breakouts , overbought/oversold conditions being some of the classy methods. However, they are decreasingly effective... 😢
Recently I have realized that analysis beyond the technical indicators will bring trading to the next level because I will...
//use as a price structure studying tool
//defaults set for the 1 hour chart... inner cloud represents 24 hours in 1 day, outer cloud represents 5 days in 1 week (forex). Change per desired resolution and market session length.