For all those times I’m asked by email, “Why were you selling today when the market is bullish?” or “Why were you buying today when the market is bearish?”
So when someone says that a market is bullish… or that a market is bearish… that actually means nothing without some idea of time scale.
Cheers,
Lance Beggs
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…
This image was posted on social media recently, to highlight the way that the opening range can help minimise early damage to your P&L. I received a message in response to the post: This has me curious. Did you trade it? Can you show us the trades? If you did stand aside, at what point…
NOTE: Not for newer traders Thursday 9th February 2012 Active trade management requires a constant reassessment of trade potential throughout the life of a trade, in order to maximise any opportunity and minimise any risk. Here’s an example (as best I can recall a couple of hours after the fact). The tick chart shows the…
The session begins… Don’t chase the missed entry. But remain focused. Because sometimes, while price has still not reached the expected target area, it might offer a nice lower timeframe structure. Something that you can lean an entry against, which offers an acceptable level of risk. Something that still offers potential rewards, sufficient to justify…
Here’s a different way of viewing the markets and the game of trading, which I particularly like – the market is a mechanism for self-deception. This idea comes in part from the world of military strategy. Deception is a key principle of warfare, as stated by Sun Tzu in one of his most famous quotations:…
Let’s continue with a series we started last year – the metagame – trading AGAINST other traders who find themselves on the wrong side of the market. Because… If I can’t feel someone on the other side of the market getting it really wrong, there is no trade. You can see the prior articles here…
