Feedback suggests that people got a lot out of last week's article, so let's continue with that topic one more time.
Check it out here if you missed it – http://yourtradingcoach.com/trading-process-and-strategy/opportunity-exists-where-you-find-frustrated-traders/
This was the general idea though –
I'm always looking at the market from the perspective of "the other trader".
In particular, seeking out the places on the chart where others might become frustrated.
Where is someone stuck out of a trade they wished they were in?
Where is someone stuck in a trade they wished they weren't in?
That's where I want to trade!
This concept can be applied on any timeframe. You can use it on the Trading Timeframe to find quality trade locations. You can use it on the Lower Timeframe to time your entry.
It's this Lower Timeframe application that I want to look at today.
Timing an entry at the point of maximum frustration for our poor friend, "the other trader".
Let's start with the general trade idea.
And so let's now step through the data to see how this trade idea unfolded.