You can't catch every good price move.
You can't catch everything. If you miss a good move, remind yourself:
Now focus. There is more opportunity coming and it needs your full attention.
Happy trading,
Lance Beggs
I missed this opening drive. I was fine with this. There was no real signal for me to enter. And I prefer not to chase a price move. But then I missed this one. This one did provide a setup. And I attempted entry, only to miss. Naturally, this one was followed by a…
In preparing my daily entry for my Market Structure & Price Action Journal, I sometimes venture away from my usual market and timeframe if there is an example that REALLY catches my interest. This was one of them. We're looking here at the Crude Oil 30 minute chart. Why did this interest me? Because…
There are a few concepts that I tend to repeat often. "Traps against market bias" is one of these concepts. Not just because they form a key part of my trading approach. But also because traps are difficult to trade for many traders. Psychologically, they can feel really uncomfortable. But in my opinion, when the…
or… Why I held this trade drawdown longer than I usually would! On Monday I entered a PB short in expectation of a downtrend continuing lower. By far the best entry area would occur on a weak pullback to the shaded region (A). And the last Trading-Timeframe (TTF) green candle certainly makes it seem…
It’s Monday morning and the markets open with a Simple Pullback Entry LONG. BUT I DIDN’T TAKE IT. Because it didn’t set up right for me. A key principle in how I trade is keeping my awareness AHEAD of price. No trade should be taken unless I saw it coming well before the entry candle….
Feedback from the last article (Breakout Pullbacks – Sometimes They Come Fast) was very positive. Thanks! It seems that people want more examples of setups. Ok. So, here’s another, this time with a more ‘normal’ breakout pullback. I don’t often get an opportunity to trade the UK open but did so this last Tuesday, and…
Yes, absolutely agree… “You can’t catch everything. If you miss a good move, remind yourself: It wasn’t mine to take. If it was, I would have caught it.” Words of wisdom, should be posted on the wall, as a reminder!
Great site for the Day-traders, hats off.
Thanks Dave. Much appreciated.