Happy trading,
Lance Beggs
Similar Posts
Reverse Trendline Breakout Failure
The market opened and settled quickly into an uptrend. It was an environment I found difficult to trade for some reason. Decision making was poor. And I just couldn’t get in sync with the price movement. This was a fact that became clearly obvious after two suboptimal trades (small profit so it’s all good). So…
Lower Timeframe 3-Swing Retrace Entry
Lets look at a couple of recent trades which contain a single common element. The following two trades are both an entry into the first pullback following a strong bearish price swing. The common element in both is the way that I waited for a three-swing lower timeframe retrace. Just like the complex pullback on…
The Other Trader
I find it interesting that VERY FEW people discussing their trades with me ever talk about “the other trader”. They always talk about the technicals – the price patterns and (if a little more astute) the strength / weakness analysis. I get it. That stuff is important. I suppose I’m guilty of this as well. Most…
Trading the Price Spike High or Low
Let’s start with a little disclaimer – I didn’t trade this price sequence. I took a break on Friday 18th of January in an effort to manage my fatigue levels. But this does not mean that I don’t review the session. The next day I scheduled some time to look over the charts in a…
In-between Breakeven and Profit
The following is some great reader Q&A regarding a quite difficult part of the trade management process: Question: I have been trading for a long long time and always have had one obstacle I can’t seem to overcome. I feel I can pick the Perfect or Near Perfect Trade setups. I feel I can allow…
The Three Steps from TA Amateur to TA Professional
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…