In the absence of any unexpected news event, or some other reason to shock the market, a reversal will usually not just appear out of nowhere.
V-Turn reversals happen. But they’re not the usual outcome.
More often than not, there will be multiple clues in the lead-up to the reversal.
The challenge for you, as a trader, is to learn to read the clues as they’re presented and adjust your bias and trade expectations to suit.
Happy trading,
Lance Beggs
Amateur: Seeing price movement as simply… price movement. Step 1: Learning to see price movement as a result of a net orderflow imbalance. Step 2: Seeing orderflow as the result of individual trader decisions and actions. Step 3: Projecting forward to anticipate individual trader decisions and actions, within the context of market structure across…
This was an interesting sequence of trades – three which I got completely wrong, followed by one which I finally got right. The key takeaways: You won’t always get it right. Sometimes your timing is out. Other times, like in this sequence, your assessment of bias is just wrong. Good entry location and good active…
We’ve had some focus in recent weeks on traps occurring right at the market open. Market Open Traps, Market Open Traps 2, Market Open Traps 3 Today… is NOT a trap at the open. But it’s closely related. And expands upon the idea. I’ve no trades to share for this one. With visitors, my trading has been…
I had no plans to continue the recent article series but the market had different ideas, so here we are! First, if you missed the prior articles then see here – https://yourtradingcoach.org/trading-process-and-strategy/traps-just-before-rth-open/ And here – https://yourtradingcoach.org/trading-process-and-strategy/traps-at-the-open/ And that brings us to today’s sequence… We’ll start with a quick look at the prior day and overnight session, for…
A trade is NOT over until the whole idea behind the trade is no longer valid. If you’re stopped out, or if you scratch the trade, the trade is NOT over. Remain focused! Watch for an opportunity to re-enter. Lance Beggs
Price has collapsed rapidly at the start of the new session Following the initial low, then a retest, price pulls back to offer us a 3-swing-retracement entry short (also could just as well be considered an upthrust). (Chart Info: Crude Oil, 20 Jan 2012, 1-min chart; although the concept discussed in this article applies to…
