Candlestick Patterns – Hanging Man
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Selling Because The Market Can’t Rally
Happy trading, Lance Beggs
Before you Beat Yourself Up over a Session Loss, consider this…
It’s been a week of incredible opportunity and incredible challenge. We discussed the challenge a little on social media, with some good lessons that I thought should be shared through this channel as well. This social media post struck a real chord with viewers, in comparing the opportunity from Monday and Tuesday and discussing how different…
Two Attempts – Then Reassess
I see far too many traders destroy a session through fighting the market. Again and again and again. You need to break the pattern. Try implementing this rule: Two Attempts – Then Reassess! After two attempts at a trade idea, if it hasn’t worked, it’s clear that something is not right. You’re not in…
Losing Sessions – Expect Them!
Late last year I had a request for more examples of losing trades, which led to the article series “Winning through Losing Better” (see part one and part two if you missed this popular article series). Let’s take that concept further and look at a losing session, and see if we can find a couple of lessons. Because losing…
Kicked in the Guts
absolutely love this market open on Tuesday. Let’s look at the daily chart as at the close on Monday. The Permabears must be feeling pretty good about themselves right now! Surely this is the big crash they’ve been warning us about for years. The daily chart plays a very minor part in my trading….
It’s All About Real-Time Contextual Decision Making
You’ve learnt the pattern or setup. Great. But that’s not trading. Now work on the real-time contextual decision making around that pattern or setup. Look beyond the pattern itself to the wider context. Where is the pattern occurring within the larger timeframe market structure? What structure will suggest avoiding this particular setup? What structure…