Who Would Buy Here?

 

Seriously… who would buy here?

Who would buy here?

Who would buy here?

Who would buy here?

Who would buy here?

Who would buy here?

Who would buy here?

 

Ok… enough talking in general concepts. I always get in trouble when I do this, because someone will email me including a chart which shows an exception to the rule.

Whatever!

Generally… it's not wise to buy in these areas.

And this brings us to the point of the article.

Consider it a "rule of thumb" for finding good trade locations.

  • One way to find areas on the chart which may show potential for a short entry, is to find the places on the chart where you think, "Who would BUY here?"

  • One way to find areas on the chart which may show potential for a long entry, is to find the places on the chart where you think, "Who would SELL here?"

Let's look at a trade based upon this idea.

We'll start well before the trade, as price pushes off the lower support level.

Who would buy here?

Who would buy here?

Who would buy here?

Who would buy here?

 

Who would buy after a long single-leg over-extended price move into resistance?

Certainly not me.

As always, this is personal opinion only. So feel free to do so if you think it's a good idea. After all, I need someone on the other side of my trade.  🙂

Happy trading,

Lance Beggs

 


 

Written by

YourTradingCoach - Admin

8 Comments to “Who Would Buy Here?”

  1. Sunil Manohar says:

    Awesome Sir !!
    You have totally changed the way I trade.
    And guess what, I have become reasonably profitable trader for last 4 months continuously. Before that I was in “breakeven” stage for last 2 years!!
    Thanks for changing my life
    Sunil Manohar

  2. mohamed says:

    Hello Guys,

    Nice lesson lance as usual , and congratulation for sunil to be profitable trader for the last three month , and I hope that I be profitable too.
    thanks
    mohamed

  3. pat says:

    Ty. Mr. Beggs. How do you define “long push” for each instrument ? Typical impulse move for that instrument?

    • Lance Beggs says:

      Pat, there is no fixed rule for what should be a long push. It will vary depending upon the context. But essentially, it’s a swing longer than the typical swing for that instrument at that time. You’ll know it when you see it. If it’s not obvious, then it’s not a long swing.
      Cheers,
      Lance.

  4. Moses says:

    Great post Lance, I have made it mandatory to read your newsletter post everyfriday. I have not been disappointed. I have watched all your unfinished YouTube series aswell great. Very Helpful! UK

Leave a Reply

Message

Please prove you're a person: Time limit is exhausted. Please reload CAPTCHA.