I don’t often trade after midday Eastern Time. It’s the middle of the night here and I’d much prefer to get some sleep.
But from time to time I’m alert and awake and there is no chance I’d be able to sleep even if I tried.
So I’ll complete some of my post-session review and then go on with other work, while keeping an eye on the markets.
The default intent is to NOT trade… unless it’s screaming out to be traded.
What does that look like?
Here’s one example. A trade that is so damn obvious I would have been kicking myself if I missed it.
It’s a YTC PB trade. But what is important is not so much the trade itself, but WHERE it happens in the “bigger picture” market structure.
Dropping down to the Trading Timeframe to see the outcome:
1. Structure!!!
2. Break of structure.
3. First pullback against the break of structure.
It’s no Holy Grail. Sometimes there will be losses. And sometimes you’ll miss the trade.
But it’s opportunity I do NOT want to miss.
Happy trading,
Lance Beggs