This trade lost… and I'm completely ok with that. I'll explain why below. But first, let's look at the trade. Looking at the left first (daily chart) we see that today's session (A) has broken below the prior day (B) and is closing in on yearly lows (C). The chart on the right (60…
Previous articles (if you missed them): It's a Process It's a Process – 2 It's a Process – 3 – Longer Timeframes Happy Trading, Lance Beggs
I received a great email during the week from a trader who trades the E-mini S&P (ES). Let's check out an extract from the email: Hi Lance, I am on my second reading of YTC PAT and in the last couple of days read, again, about Increased/Decreased projection being an indicator of potential trend strength/weakness….
or… Why I held this trade drawdown longer than I usually would! On Monday I entered a PB short in expectation of a downtrend continuing lower. By far the best entry area would occur on a weak pullback to the shaded region (A). And the last Trading-Timeframe (TTF) green candle certainly makes it seem…
One thing I love to do over the Christmas & New Year break is to schedule a couple of days for Market Replay learning. Last Sunday & Monday were scheduled for my replay sessions. The ability to speed up the market data in-between key decision making areas means that I can squeeze in half…
(1) My Focus is on the Metagame Most price action traders are focused on the patterns that result from price movement, in the expectation (hope) that these patterns will lead to further price movement, just as the textbooks say they should. But what they're missing is the deeper level of understanding. I don't play…
