Happy Trading,
Lance Beggs
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Dealing With Market Uncertainty
The nature of the markets is uncertainty. Human beings do not like uncertainty. In fact we fear it at the very depths of our soul. Much of our society has evolved in an effort to reduce the uncertainty we face in day to day life, through controlling the environment, and implementing a structure of laws,…
Seeing the Market in New Ways
An amateur and a professional trader can look at the same price charts and see completely different things. The difference is not as simple as the professional having a better strategy, but rather that they have superior mental models and belief systems. They see the market in ways that the new trader cannot yet comprehend….
Expectations for the Pre-Holiday Session
For intraday traders… the following outlines my expectations for trading the last session before a long weekend. I always expect a narrow-range, low volatility and low liquidity market. I monitor it with an expectation of having no trades, UNLESS the market can prove that it wants to make a strong directional move. Only then will…
Volume Analysis – The YTC Way
I’ll be the first to admit that there is MUCH room for growth in my own development as a trader… in terms of knowledge, skill and attitude. In fact, I recognise that it’ll be a life-long journey. One area that has a lot of scope for development is my use of volume analysis. If you’ve…
Looking for Something that is Not There
Let me cherry-pick a perfect textbook example of the concept I want to discuss today. This was the opening sequence from Monday’s NQ futures, 1 minute chart: Brilliant uptrend, right? Right? No? Ok, maybe a downtrend then? My hope is that 100% of you had resistance to the idea of this being an uptrend. I…
One of my Favourite Weekend Replay Options
I sent out the following social media post before the market opened on Thursday. The chart sequence was from the day before (Wednesday). But then Thursday happened. Wow! Volatility is well and truly back. So now Thursday shifts to the forefront of my plans for weekend replay. Both days if time… but otherwise Thursday is one that…