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Price Action Market Traps: 7 Trap Strategies Market Psychology Minimal Risk & Maximum Profit
Introducing TRAP Concept
Don’t get trapped! Market is a dangerous place for novice traders.
I have described the fundamental concepts of Price Action in the Part I, the basic knowledge which any trader needs. In Part II, I have illustrate seven TRAP setups you can find on any chart, along with examples and studies for you to better understand the TRAP concept. The only consistent setup you will find on every day, every market and every time frame.
• Common Trap
• The “Stop-Loss” Trap
• “The Giant” Trap
• “Failed Breakout” Trap
• “Back to Back” Trap (Double-Trap)
• News Trap
• Morning Specials
Trap setups come with minimal risk and maximum potential reward. It’s very simple to understand and exploit. This EBook is written in simplest English, that everybody can understand the complexity of market within 1 week.
Don’t get trapped! Market is a dangerous place for novice traders.
I have described the fundamental concepts of Price Action in the Part I, the basic knowledge which any trader needs. In Part II, I have illustrate seven TRAP setups you can find on any chart, along with examples and studies for you to better understand the TRAP concept. The only consistent setup you will find on every day, every market and every time frame.
• Common Trap
• The “Stop-Loss” Trap
• “The Giant” Trap
• “Failed Breakout” Trap
• “Back to Back” Trap (Double-Trap)
• News Trap
• Morning Specials
Trap setups come with minimal risk and maximum potential reward. It’s very simple to understand and exploit. This EBook is written in simplest English, that everybody can understand the complexity of market within 1 week.
- GenresFinance
97 pages, Kindle Edition
Published February 27, 2017
196 people are currently reading
483 people want to read
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Displaying 1 - 19 of 19 reviews
May 28, 2021
I don't know why the reviews for this one are so good. But shit, I should've known that it was shit. I'm sure Ray Wang is a great trader, but boy, he can't write to save his life. And when you can't write well, you can't really teach well. You can't pass down your wisdom to your readers effectively and hence, muddying up the already murky trading waters. It's like I am reading another "masterclass tweet storm" from crypto-trading twitter world. It did feel like that, a tweet thread. It would've been an awesome tweet, but not a book.
I feel like I owe it to the other traders to say, if you are serious about becoming a great trader, hit the big books. Not quick reads like this. It takes a lot of seriousness and sincerity to learn whatever it is that he's explaining but those explanations are found in other books. He's teaching trading psychologies and traps like he's a friend from a Discord trading group, just blabbing in the chatroom. There's not much credibility, not because English is not his first language as he's apologised a few times in the book but because the mechanism of the practices he has laid out aren't examined and explained to their core.
I feel like I owe it to the other traders to say, if you are serious about becoming a great trader, hit the big books. Not quick reads like this. It takes a lot of seriousness and sincerity to learn whatever it is that he's explaining but those explanations are found in other books. He's teaching trading psychologies and traps like he's a friend from a Discord trading group, just blabbing in the chatroom. There's not much credibility, not because English is not his first language as he's apologised a few times in the book but because the mechanism of the practices he has laid out aren't examined and explained to their core.
October 21, 2018
Great book. Written for traders. Very helpful examples that make sense.
I would rate this book 5 stars for anyone who is trading futures. Couple of verbiage issues, but nothing that that would confuse a trader. Hope the author continues to write additional articles. The examples given are clear, concise and very accurate. Believe that the strategies discussed can be very enriching.
I would rate this book 5 stars for anyone who is trading futures. Couple of verbiage issues, but nothing that that would confuse a trader. Hope the author continues to write additional articles. The examples given are clear, concise and very accurate. Believe that the strategies discussed can be very enriching.
February 27, 2019
Amazing quick read. After reading, you'll look at the graphs with a different perspective. All concepts are explained with graphs which is really good. Straight to the point - no content filling.
At times (while reading) you can't help but feel that in the real world a lot of randomness always happens and you'll be thrown out of the trade prematurely no matter what.
This book definitely imparts some knowledge. Highly recommended.
At times (while reading) you can't help but feel that in the real world a lot of randomness always happens and you'll be thrown out of the trade prematurely no matter what.
This book definitely imparts some knowledge. Highly recommended.
August 26, 2020
The first chapter introduces us to the psychology of the stock market.
The author speaks about the various market traps both sellers and buyers can face in range-bound markets and how to use multiple trading strategies in a range. One thing I have understood from this book is how Wicks & Dojis are one of the most crucial factors while trading.
The author speaks about the various market traps both sellers and buyers can face in range-bound markets and how to use multiple trading strategies in a range. One thing I have understood from this book is how Wicks & Dojis are one of the most crucial factors while trading.
May 10, 2018
Great insight to trading..
Great insight about the market and how to look at it from different perspective. Specially beneficial for new traders.
Price is the final outcome, learn it to exploit the market.
Great insight about the market and how to look at it from different perspective. Specially beneficial for new traders.
Price is the final outcome, learn it to exploit the market.
February 13, 2020
Market traps explained in detail.
Only after reading this book I became aware of how not knowing various market traps can lead one to losses. Indeed, it has already. Highly recommended.
Only after reading this book I became aware of how not knowing various market traps can lead one to losses. Indeed, it has already. Highly recommended.
February 27, 2020
All is price action.
All the risk and reward is in price action.
Price action aleatoric.
Price action is simple and should be approached simply.
I will recommend this book for the open-minded and the simple.
Very well written.
All the risk and reward is in price action.
Price action aleatoric.
Price action is simple and should be approached simply.
I will recommend this book for the open-minded and the simple.
Very well written.
July 7, 2020
Very nice book.. helpful for day traders
Very nice book book for day traders .. it introduces some concepts of trap. It would be helpful if some concepts are elaborated more. But it's a short book with no nonsense. I do feel it's incomplete. But it's a must read for day traders
Very nice book book for day traders .. it introduces some concepts of trap. It would be helpful if some concepts are elaborated more. But it's a short book with no nonsense. I do feel it's incomplete. But it's a must read for day traders
July 19, 2020
Great explanation of Market Traps
Excellent explanation of how to understand Price action of Traps. Simplified trading Reversals, Rangebound action with examples of charts bar by bar.Great read
Excellent explanation of how to understand Price action of Traps. Simplified trading Reversals, Rangebound action with examples of charts bar by bar.Great read
April 27, 2018
Good one.
A totally different perspective to look at the market and trading accordingly. It is true that there is no holy grail but trading such books do help serious traders.
A totally different perspective to look at the market and trading accordingly. It is true that there is no holy grail but trading such books do help serious traders.
November 3, 2018
Great Read
Lovely book. Different from all the books I had ever read on the topic. Clear and consice. Definitely worth reading.
Lovely book. Different from all the books I had ever read on the topic. Clear and consice. Definitely worth reading.
November 11, 2018
Good book to read
Practical advice .worth implementing the strategies .any one who want to go in depth should read this book.5 stars to this book
Practical advice .worth implementing the strategies .any one who want to go in depth should read this book.5 stars to this book
June 9, 2019
Good insight
Makes you aware of market traps. Smaller traders can position themselves favourably if they recognise these patterns. Basically about candle wicks understanding
Makes you aware of market traps. Smaller traders can position themselves favourably if they recognise these patterns. Basically about candle wicks understanding
March 8, 2020
Great book for decoding charts
Concept of traps is an eye opener and will definitely help in improving trades.
Illustrations and case studies make the topics easy to follow.
Recommend reading.
Concept of traps is an eye opener and will definitely help in improving trades.
Illustrations and case studies make the topics easy to follow.
Recommend reading.
May 6, 2020
well not a perfect book about price action, but every book has its own things to teach
it's small sized book and good to read for once.
fo sure you will be taught something.
it's small sized book and good to read for once.
fo sure you will be taught something.
September 5, 2020
Nice book.
Nice book. Worth to read in short time. Explain ed in simple manner with clear understanding. Need more practice happy trading
Nice book. Worth to read in short time. Explain ed in simple manner with clear understanding. Need more practice happy trading
December 2, 2020
Good book
This entire review has been hidden because of spoilers.
January 13, 2021
Must read for a novice trader. Useful tips, and tactics to avoid traps.
Displaying 1 - 19 of 19 reviews