Candlestick Patterns – Candlestick Sentiment
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Seeking Entry on the Wholesale Side of the Market Structure
I absolutely LOVE IT when people send me charts and emails full of excitement at new discoveries or new ways of "seeing" the price movement. I received one last week that I just had to share. It's such a great example of seeking entry on the wholesale side of the market structure. I love…
How Do You Know When To Exit
Trader Q&A… Question: Hi Lance, It was by pure chance that I found your site through you tube, but am I glad I did!! Good sound advice which if you take it, works. There is just one thing that always puzzles me and I hope you can help me with this. I have been looking…
The Importance of Exit Strategy – Part 2
In part one of this article, we considered a few questions: Should we use a tight stop loss to cut any losses quickly, or a wide stop loss to allow some room to move? How quickly should we move the stop loss to breakeven? Should we take profits at a target, or should we let…
Long at Support
In last week's article we saw a buy in Crude Oil as it tested support. Check out the article here if you missed it. Today we examine a very similar setup in the emini Russell. In this session I was trading with the following timeframe combinations: HTF 5 min, TTF 1 min, LTF 15 sec…
The Most Reliable Price Swings
The most reliable price swings are those following the point of realization of a trap. My trading strategy aims to have me trading as one of the trappers, rather than one of the trapped. Does yours?
How did I know this trade would win?
First up… let's identify the higher timeframe S/R structure at the session open (18 minutes before the trade). We'll do that via two charts, the first using the day-session data only and the second looking at the overnight data as well. Now let's move forward 18 minutes on our trading timeframe to see the trade…