Let’s look at another example of the concept discussed in the recent article, “The Three Steps from TA Amateur to TA Professional”.
Happy Trading,
Lance Beggs
Similar Posts
Managing Part Two of your Trade
The following is some recent email Q&A regarding the management of part-two of a trade (all-in scale-out), following the exit of part-one at it’s target. EMAIL: Hi, I just started demo-trading and I’ve found out that I have absolutely no idea how to manage target two. I trade GBPUSD 30min/3min/30sec. I like the idea of…
Metagame Trap Entry
The Metagame: Viewing the market not just as price movement and patterns, but also as PEOPLE whose trade decisions create the price movement and patterns. Metagame Trap Entry: Recognising places on the chart where other traders are trapped in losing positions. Feeling their frustration, pain and disappointment. And using that to time our entry, at…
Wait for the Fakeout
A common complaint I hear from traders is “the broker ran my stop!” Here’s the thing though… it’s usually not your broker. It’s your failure to properly recognise the real nature of price movement. The nature of the markets is one of tests, retests and probes of prior levels. If you’ve developed a belief about…
When the Pullback Hits Harder than Expected
Pullbacks… a simple retracement structure depicted in textbooks as smooth flowing and simple to read. Reality though, is usually not so kind. Far too often these pullbacks will be a mess. Full of chop, false-starts and stop-outs. Or unexpected and sudden shifts in pace or volatility. Price action seemingly designed to confuse you and cause…
Clarifying Timeframe Confusion
I always attempt to be as clear as possible in my articles. It doesn’t always work out though! 🙂 The following is a question from a YTC newsletter reader regarding what appears to be some contradiction between recent articles. Excerpt from Email: Contrast the article in this weeks newsletter (4/10/13), where you say you should focus…
Sometimes It Takes Multiple Attempts – 2
Tuesday’s trade sequence reminded me of this article from last year – Sometimes It Takes Multiple Attempts. Where the market reminds us that it doesn’t give a damn about our expectations for a quick move from entry to the target. And that sometimes, it would rather play a bit first and see if it can stop…