Let's look at another example of the concept discussed in the recent article, "The Three Steps from TA Amateur to TA Professional".
Happy Trading,
Lance Beggs
Let's look at another example of the concept discussed in the recent article, "The Three Steps from TA Amateur to TA Professional".
Happy Trading,
Lance Beggs
Context, setup and execution. A good trade will have considered all three areas before entry. And a good trade will have elements of all three playing their part in the outcome. The best read on market context will be worthless if you’re choosing the wrong setup for that environment (eg. constantly fighting a strong trend)….
Let’s talk about Market Structure and Price Action study, commencing with a question I received on Thursday – Do you still do daily study of market structure? And my response, sent out via social media: A followup comment from the original questioner… “I’ve tried this in the past but not been able to stick with…
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…
Here’s an interesting observation – over the last week I’ve received half a dozen emails asking why I don’t use candlesticks. While that’s fairly understandable, given the current series of price bar reversal videos, it led me to thinking that there’s probably a lot more people who are thinking the same thing but hadn’t bothered…
International football (soccer) is one of the few things that I will allow to interrupt my trading. I have no idea why I would encourage such masochistic behaviour. Following Australia in the international arena is more often than not a frustrating and disappointing way to spend my time. But it is what it is. And…
Last week I shared what is quite possibly my favourite market open play – https://yourtradingcoach.com/trading-process-and-strategy/long-is-wrong/ It can occur as either a PB or BPB setup, providing opportunity as market participants are trapped and stopped out of an early session long. Incredibly simple in concept. But very effective. Please review the prior article if you missed…