Happy trading,
Lance Beggs
Similar Posts
Good Losses
This trade lost… and I'm completely ok with that. I'll explain why below. But first, let's look at the trade. Looking at the left first (daily chart) we see that today's session (A) has broken below the prior day (B) and is closing in on yearly lows (C). The chart on the right (60…
The Three Steps from TA Amateur to TA Professional
Amateur: Seeing price movement as simply… price movement. Step 1: Learning to see price movement as a result of a net orderflow imbalance.
When Price Stretches to Reach the Level
This is without doubt one of the best ways I like to see price set up for TST/BOF reversal trades from an S/R level. We discussed this briefly in a related article – https://yourtradingcoach.com/trading-process-and-strategy/higher-quality-breakout-failure-trades/ But let’s look at an example from this week’s trading. We’ll start with a higher timeframe chart to give some context,…
A New Market Model – The Market Is A Self-Deception Mechanism – Part 1 of 2
Here’s a different way of viewing the markets and the game of trading, which I particularly like – the market is a mechanism for self-deception. This idea comes in part from the world of military strategy. Deception is a key principle of warfare, as stated by Sun Tzu in one of his most famous quotations:…
Reversal Pattern within an Opening Drive
Let’s start with the daily chart at the time of market open. Because it shows structure that has me VERY interested in trading to the LONG side. Let’s drop to the 1 minute trading timeframe chart, just three minutes after the open. Happy trading, Lance Beggs
Self-deception – According to Kierkegaard – Part 1
I came across a great quote during the week, which has led to an unplanned continuation of our recent theme on self-deception. Original articles: https://yourtradingcoach.com/trading-process-and-strategy/a-new-market-model-the-market-is-a-self-deception-mechanism-part-1-of-2/ https://yourtradingcoach.com/trading-process-and-strategy/a-new-market-model-the-market-as-a-self-deception-mechanism-part-2-of-2/ The quote: “There are two ways to be fooled: One is to believe what isn’t so; the other is to refuse to believe what is so.” …Søren Kierkegaard There…