If traps aren’t currently a part of your strategy, please take some time out to consider whether or not they should be!
Lance Beggs
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The Bullish and Bearish Kicker Patterns
Emotion drives price. And at the market open, STRONG emotion can drive price with strength. Tuesday offered a perfect example, with a pre-market news-driven price shock resulting in a strong bearish trend day. A day which screamed out to be traded on the short side. But let’s back it up first and look at some…
The Role of Luck in Trading
In our article last week (read it here if you missed it) we discussed the concept of the bad beat. A bad beat occurs when you correctly identify, enter and manage a valid trade setup, but are still left with a loss or missed opportunity. The fickle hand of fate cares little for your high…
TTF Narrow Range Bar Entry
Let’s say we have a market with a clear bearish bias. Price then pulls back higher and reaches an area in which I’d be happy to enter a SHORT position. Two of the key things I’m looking for are: Signs that the bulls have exhausted everything they’ve got. Signs that the late bulls, entering…
Avoid What is Strong – Strike at What is Weak!
Avoid What is Strong – Strike at What is Weak! So in war, the way is to avoid what is strong and to strike at what is weak. … Sun Tzu, The Art of War Trading is not about prediction. Instead we let the marketplace reveal it’s plan and attack only when we…
The Other Trader (5) By Lance Beggs September 15, 2017
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…
False Breakout Trap Review
I received an email last week from a student of the YTC Price Action Trader, which I ABSOLUTELY LOVE. Actually, I receive a lot of email which I absolutely love. But sometimes they just stand out immediately as something really special. It was a simple email, containing just one image (shown below). And the only…