I’m certain there are not many “jobs” at all where people look forward to Mondays. Trading is the only one that I’ve found. Even more so when I’ve been away from the markets for a while. So this was my social media post sent out pre-session on Monday. A little reminder to slow down and…
I was thrilled to receive an email on Tuesday from a trader who has taken this recent YTC concept and achieved a new “first”. His first ever 100 point runner. Actually… it looks like closer to 110 but who’s counting! From the email: Hi Lance I don’t know if you remember me from earlier this…
I just want to share a quick followup to a comment made a fortnight ago, in the article: When Price Stretches to Reach the Level. So let’s see the outcome. Note the first leg down with two overnight gaps. Interestingly, the second gap has still not completely filled. And note the second leg providing…
Ok, not really. But the market participants have memory. And they have somewhat predictable human nature. And that is what leads to patterns in structure creating familiar outcomes. And the saying that the market doesn’t repeat, it rhymes. We saw this in a prior article: The Market Rhymes (AKA Don’t Screw Up the Second Opportunity)…
We’ve had some focus in recent weeks on traps occurring right at the market open. Market Open Traps, Market Open Traps 2, Market Open Traps 3 Today… is NOT a trap at the open. But it’s closely related. And expands upon the idea. I’ve no trades to share for this one. With visitors, my trading…
Wednesday’s social media post… for those who missed it: The link: Market Open Traps – 2 Here’s the “text-book” concept: The opposite applies as well. Price approaching a level of significant support, breaking lower just prior to or immediately after the open, and then smashing higher and trapping any SHORTS in a losing position. The…
Do you know what is better than receiving an email from a trader excited about a huge win? When that email contains no mention at all of the profits (approx 125 points in this case). Instead the email shares excitement about the context. The structure. And the way the market set up and allowed this…
“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…
I’ve said many times over the years that one of the key parts of my edge is an ability to sit on the sidelines and WAIT for more favourable market conditions. Patience! If you think about it, you might expect to take tens of thousands of trades over the next few decades. So if the…
I absolutely love this market open on Tuesday. Let’s look at the daily chart as at the close on Monday. The Permabears must be feeling pretty good about themselves right now! Surely this is the big crash they’ve been warning us about for years. The daily chart plays a very minor part in my trading….
