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
(Previous articles in this series: part 1; part 2; part 3) So far, we’ve discussed: A simple technique for classifying (or naming) candles and gaining a feel for short-term candle sentiment. The importance of context – examining where the current pattern is occurring within the market structure in order to determine the technical and psychological impact of that pattern (how…
I get asked from time to time which of my setups is my favourite, or which I would choose to trade if I had to limit myself to one setup only. I really hesitate to answer this question, because I'm a firm believer that the setup chosen at any particular time needs to be the…
This is a question I get from time to time. Quite a reasonable question, I guess, for anyone used to trading on much longer timeframes. The answer is simple. And if you do it right you'll find that there is plenty of time. Even on a 1-minute chart. Let's repeat that for effect… Lower…
Grind: Low volatility Significant candle overlap Weak price extensions Pullbacks that just refuse to break lower And it just goes on and on, well beyond when you expect it to stop. Unless you're comfortable scalping within such a low-volatility environment, your best game plan is often to just stand aside until signs of failure. Of…
Here's a little post-session exercise which may help stretch your performance to "never-before-reached" profit levels. Pick a target just above your all-time-high for a trading session. Whatever that is – $100, $500, $1000, $5000 or more. And ask yourself the following. Looking at the chart for today's session, with the benefit of hindsight, how…
Candlestick Patterns – Inverted Hammer
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. 🙂