Trading Zones versus Trading Levels/How to avoid Traps

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As we see time and time again, the market loves to trap traders in search of liquidity and then squeeze them back out of the action as price reverses. It is important to be able to identify where these traps may be ‘sprung’ and therefore trade around a ‘Zone’ as apposed to a ‘Level’.

It the below video, I talk about trading zones and why I believe that they are important and also why selling into resistance or support…ie Levels…can be dangerous. I also discuss how I like to trade these zones and the plan of attack for a basic entry.

Do you have a comment...okay, lets hear it!!