Everyone Short from the Open was Wrong – Including Me
Happy trading, Lance Beggs
Traps Just Before RTH Open – 5
Last Friday at 9:28am, just two minutes before the Regular Trading Hours (RTH) Open, the market suddenly jumped. That's right – it's a trap RIGHT BEFORE the regular session open. See here if you missed the prior articles: https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open/ https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open-2/ https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open-3/ https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open-4/ Here is the general idea, in both bullish and bearish form:…
Metagame Entry
Metagame Entry – Recognising that entry is not just about price or patterns, but about the people behind the price and patterns. And in particular the times when they’re experiencing frustration, pain and disappointment. Because the best opportunity comes when I can feel someone on the other side of the market getting it REALLY wrong….
Traps Just Before RTH Open – 4
Traps immediately before the open… we've discussed them a number of times over the last year. Here are some of the previous discussions, if you missed them: https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open/ https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open-2/ https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open-3/ And you'll probably find a few more examples if you scroll back through the social media feeds. The thing is though – the…
Traps Just Before RTH Open – 3
This has been a favourite topic of mine throughout the last year. We explored the idea here and here, along with a bunch of other examples on social media. But then the market just keeps providing more examples. So let's look one more time. The general concept is a trap that occurs through failure…
It’s Game On! Let’s Trade!
I operate with three general levels of engagement – Trading, Trade with Caution, and Stand Aside. Because not all conditions in the market are the same. If you haven't done so, I highly recommend adopting a similar practice. Take some time to consider the factors that might trigger each level of engagement in your…
Traps Just Before RTH Open – 2
A few months ago we examined the concept of traps occurring in the price action just before, or immediately after, the RTH Open (RTH = Regular Trading Hours). I'll place links to the prior articles at the bottom of this one, if you want to review them. Today, let's look at another example of…
Choose YOUR Playing Field
One of the most obvious changes in my own trading over the last decade is a willingness to take fewer trades. It used to be that if there was a price swing… I wanted to trade it. On the plus side this meant that I was there for everything that did move to good…
Higher Quality Breakout Failure Trades
One of the aims of your journaling process is to build a collection of near textbook-perfect examples of each of your trade setups. And from these, develop awareness of the factors which lead to increased odds of success. Friday, 21st June, offered an absolutely beautiful Breakout Failure setup. Let's start with a 5 minute…
Traps at the Open – 2
I had no plans to continue the recent article series but the market had different ideas, so here we are! First, if you missed the prior articles then see here – https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open/ And here – https://yourtradingcoach.com/trading-process-and-strategy/traps-at-the-open/ And that brings us to today's sequence… We'll start with a quick look at the prior day and…