A trade sequence from earlier this week prompted me to revisit the Reassess Point; a concept introduced almost a year ago here – https://yourtradingcoach.com/trader/the-reassess-point/. In that article we explored a change of mindset that helps avoid the frustration associated with premature exits and missed opportunity. This is how most of us are taught the game…
There are some levels that are clearly defined. A single price, highly visible to all market participants. The prior day’s high and low are obvious examples of this type of S/R. And then… there are others that are not so easy to define. Primarily because there are multiple levels of interest, all forming one larger…
Let’s take a brief look at Monday’s daily chart from the E-mini Nasdaq futures (NQ). And let’s ignore any hindsight analysis, given that you possibly already know the outcome of this price sequence. The chart and subsequent discussion occurred at this point here (as did the writing of this post): And now, a comment that…
“Knowing where the trap is – that’s the first step in evading it.“… Frank Herbert, Dune 100% true. And in trading, we can take this further. Knowing where the trap is allows you opportunity to profit as the trap is sprung. Let’s look at a recent trap provided in the E-mini Nasdaq charts. A fairly…
