One Week – Five Innings – Show Me How Good You Are!

Let’s return to the sporting world… because there is so much we can learn from the way that professional sport manages mindset and performance. In particular today, let’s consider the half-time team talk. The team has walked from the field and is back in the locker room. You’re the coach. You’re responsible for guiding this…

Layered Levels of Support or Resistance – 2

Let’s do a quick followup to the recent article on Layered Levels of Support or Resistance. Because there was an email response that I think is worth sharing. – – – Email: Lance, you’re a legend. Your timing is perfect. I’ve been trying to trade off major daily levels (prior days highs and lows, overnight…

Recognising Opening Drive Potential

There were three factors identified pre-session on 31st March, which alerted me to the potential for an opening drive in this session. (1) A contracting environment Firstly contracting on the higher timescale, as shown here on the daily chart. But also contracting on the smaller timescale, as shown here from an individual session perspective. If…

Layered Levels of Support or Resistance

I love layered levels of support and resistance (multiple levels within close proximity). A primary reason is that they simplify our trade plan. There is no doubt about the direction that we’re looking for trade opportunity. Like last Monday… Keep an eye out for layered levels of support or resistance as you establish your S/R…

Pre-Open News Trap

I’m always fascinated by the decision making of “other traders”. In particular those who trade in places where I suspect they’ve possibly got it very wrong. Like here… It’s a simple model for decision making, which I find particularly useful. As you watch price you will sometimes find yourself thinking… “WTF! Really! Who would buy…