Today let’s look at the art of entry timing… with one of my favourite ways to get into the market.
It’s not the only way to enter. But it’s one I love.
If the market can print a candle (or sequence of candles) which strongly suggest that “it’s moving lower”.
But then can’t.
Enter LONG when it can’t go lower!
Happy Trading,
Lance Beggs
I’ve covered quite a few topics throughout 2014, but I believe the most important by far has been my attempt to have people looking for success over a series of trades, rather than on any individual trade. Not every trade idea works! But that’s ok and that’s normal. Keep the losses contained. And work to…
On Tuesday I shared one of my older facebook posts via social media. Copied here: Repeating the key points for effect: Learn to survive… and even occasionally profit… in the times when your read of the market is wrong. And that will leave you with confidence to attack the opportunity available at the times when…
(Previous articles in this series: part 1; part 2; part 3) So far, we’ve discussed: A simple technique for classifying (or naming) candles and gaining a feel for short-term candle sentiment. The importance of context – examining where the current pattern is occurring within the market structure in order to determine the technical and psychological impact of that pattern (how…
The majority of my pre-session higher timeframe (HTF) analysis is conducted on the 30 and 5 minute charts. Exactly as outlined in the YTC Price Action Trader, in constructing an HTF support & resistance framework. Before this though, I always have a quick glance at the daily chart. Maybe 5-10 seconds at most. Daily chart analysis…
The open can be a time of great opportunity. But you need to be prepared. My default option is to always wait for the Trading Timeframe (TTF) to develop some structure. To wait until the initial trend is clear and obvious. But there are some times when I’ll trade earlier, before the TTF settles…
A great way to learn to read price action is to review your historical price charts, with a focus on the price action at key structural locations. Find and review anything which fits these categories. tests of significant levels breaks of significant levels traps transitions between trends and ranges transitions from volatility contraction to expansion…
