Trapped Traders® Hidden Methods *** YOU HAVE TO WATCH THIS NOW *** Mark Chapman

October 3, 2016

    Hello traders, Mark Chapman here. I’m the creator of the trademarked Trapped Traders Concept. Welcome to today’s Trapped Traders Trade of the Day Analysis. Today’s date is October 3, 2016.

    The trap we’re going to look at today is a little bit different because it hasn’t quite setup yet, but it looks to be a great trade in progress. Traders at the hard right edge would’ve believed that this historical level of support was holding, and indeed it did seem as if it was at the hard right edge. And this is the key because this is what induces and seduces the support and resistance trader, in this case support, to go long.

    But no sooner have they gone long, it started to go against them, and this level represents post-Brexit lows and multi-year lows. So, if we get below here, that will trap those traders in those long positions, so if we get a pullback, this would look like a very good place to get short. And over the weekend, the UK Prime Minister May stated that the UK is going to leave the EU in a fashion that some have been referring to as a hard Brexit. For me, Brexit just means Brexit as the city gets used to the idea that we are actually leaving the EU.

If you’d like to join me in my Trade Room today to get analysis on all the pairs I’m trading and all the traps I’m considering, I’d love to see you there. Just click the button below to join me for today’s live Trade Room. Have a great day, and I’ll see you there.

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