Most gold traders are falling for this trap — Transcript

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1. 0:00This exact trap catches most gold
2. 0:02traders. I watched it happen, then made
3. 0:0425k off of it. Starting from the daily
4. 0:06time frame, price built a liquidity
5. 0:08channel at the lows, expanded, [music]
6. 0:10and broke structure to the upside. Then
7. 0:13it sold off all the way back down to
8. 0:15where the liquidity channel was built.
9. 0:16That's where I dropped to the lower time
10. 0:18frames. On the 1-hour time frame,
11. 0:20there's [music] a clear liquidity block.
12. 0:22Now, because it's a higher time frame
13. 0:23liquidity block, it's not [music] my
14. 0:25entry. It's my area of interest. Before
15. 0:27I do anything, I need a build-up of
16. 0:29liquidity. And here it is. Price
17. 0:31respects this high to the left and sells
18. 0:33off, which builds liquidity above.
19. 0:35[music]
20. 0:36Now, I wait for it to sweep that
21. 0:37build-up and tap into the liquidity
22. 0:39block. Watch this. Price sweeps the
23. 0:41build-up, immediately breaks structure
24. 0:43to the downside. The early sellers jump
25. 0:45in thinking this is the move. That's the
26. 0:47inducement. [music]
27. 0:48They get trapped, and then the real move
28. 0:50starts. Now, all I need is another
29. 0:52build-up of liquidity right here.
30. 0:54>> [music]
31. 0:54>> Once price sweeps it, I enter sells,
32. 0:56stop score above the internal liquidity
33. 0:58block on the 15-minute time frame,
34. 1:00[music] and I target the lows where the
35. 1:02liquidity is sitting. And there it is.
36. 1:04Price sells off all the way down and
37. 1:06sweeps the liquidity below. If you want
38. 1:08the full breakdown, comment gold for
39. 1:11free access to our full content library.