Category:BLTP：修订间差异

Bull Trap, failed bull breakout. Watch out for possible bull traps when:

• price is around EMA, even sometime there is a strong rally rushing to EMA in 2 or 3 bars after gap down, example of 20230124.
• 3 CCBLB that looks strong, but bars have prominent tails.
• market reverse quickly right after the stop order is filled (1 or 2 ticks above the signal bar).

Example Common bull traps[编辑 | 编辑源代码]

In below example of 20230124, market had a gap down, then strong bull reversal attempt in 3 good CCBLB from bar 3-5, then a good BRBCL by just going 1 tick above 5.

• not far from EMA
• bars have tails and overlapping though 3+ CCBLB, see bar 3 and 4. 5 will be a better BTC when 3/4/5 all only have small tails.
• if bought above 5, the stop should be below 5 at least for half of the position. As a general rule, put the stop right below the signal bar no matter where you entered, at least for half of the position, because that is a sign that market is doing the opposite of what you want.