Happy trading,
Lance Beggs
Happy trading,
Lance Beggs
Narrow-range half-day holiday sessions provide great structure from which we can trade. We discussed this idea previously. You might recall this social media example from June. Zooming into the 30 minute chart from that prior (June) example, we see how the narrow-range session provides both directional preference and setup locations. I’m not a fan of…
I do very much like a large Gap Open with a strong Opening Drive. But do you know what's better than a large Gap Open with a strong Opening Drive? How about a large Gap Open with Opening Drive failure and reversal to the opposite direction! We have discussed traps at (or just before)…
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…
I always liked this passage from Street Smarts by Linda Raschke and Larry Connors: "No matter how long you trade, you'll never do it perfectly. Case in point. A friend of mine is a retired market wizard. This man has made over $100 million trading futures. He told me that his biggest weakness was…
I find the "grey areas" on a chart fascinating; the areas where our bias or premise start to show signs of breaking down and our decisions are clouded by the uncertainty that prevails at the hard right edge of our screen. This is where real learning happens! Where your knowledge, skills and attitude are pushed…
Recently I posted an article that smashed the record for the most feedback so far in 2013 – Gaining Confidence in Taking the Trap Entries. It seems that a lot of people got great value from this article. I’m very happy with that! One of my primary goals is to help people see the markets…