See here if you're not familiar with the BOF Setup, why it works and how to trade it.
Happy trading,
Lance Beggs
See here if you're not familiar with the BOF Setup, why it works and how to trade it.
Happy trading,
Lance Beggs
A great email question from Mike: I know you don’t trade stocks but I’ve always read that you leave gaps alone due to reversals. But take LOCM today; what’s the buy point? I’m thinking $4.30 or is this to soon, or would $4.50 be the safer buy. I found it at $4.30 but stayed away…
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,…
My method of establishing a bias, or an expectation for the future trend direction, is done through six basic principles of price movement, as listed in my YTC Price Action Trader ebook series. This requires prior price action as it's based partly upon analysis of previous bullish and bearish price swings and trends. So what…
A question received last Monday: "Are you trading today? It's a holiday but the market is open." For future readers… Monday was 11th November 2019. Veterans Day. And yes, the economic calendar which I use also has this listed as a US holiday. But the market is definitely open all day (or at least…
I absolutely love this market open on Tuesday. Let’s look at the daily chart as at the close on Monday. The Permabears must be feeling pretty good about themselves right now! Surely this is the big crash they’ve been warning us about for years. The daily chart plays a very minor part in my trading….
Your analysis of PA is unmatchable. Good job Lance. Hope to learn a lot from you through these blogs you post regularly.
Thanks, Vikas
Thanks Vikas, I’m pleased you’re finding value in my writing. 🙂