Here’s a short comment that raised my interest in a recent email exchange: “I hate the first trade of the day. Always worried I’ll have to start the day with a loss.” It was not the primary focus of the conversation, so didn’t receive much followup discussion beyond sharing a couple of links which I…
It’s been almost a year since we last discussed the “Long is Wrong” scenario. And throughout this time it continues to be one of my favourite market openings. Essentially a PB or BPB setup, occurring in a particular place on the charts where a WHOLE LOT of traders find themselves on the wrong side of…
We all know this scenario… And this one, which happens even more frequently… I’ve certainly experienced this a LOT. And I know many of you have as well. Because it leads to one of the most common questions I receive. “Where did I go wrong?” Where you went wrong is failure to have a plan…
Sometimes the simplest things are the best. We spoke previously about one of my favourite methods for entering into an opening drive. We wait for the first break against momentum. And then strike when we confirm it’s a trap. See here for an example: https://yourtradingcoach.com/trading-process-and-strategy/first-break-against-a-momentum-drive/ But this is even simpler… A PB or BPB Setup…
