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
Let me cherry-pick a perfect textbook example of the concept I want to discuss today. This was the opening sequence from Monday’s NQ futures, 1 minute chart: Brilliant uptrend, right? Right? No? Ok, maybe a downtrend then? My hope is that 100% of you had resistance to the idea of this being an uptrend. I…
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…
There is not much that needs to be written on this topic. The title really says it all. There is a lesson in EVERY trading session. Your job, in maximizing your rate of development as a trader, is to find that lesson. Actually, there is more than one lesson in every session, but if you…
I didn't trade this; I typically stop my session around 2am. But it's such a great example that I thought I should share it. (Yes… I get excited by price action!!! 🙂 Whatever you want to call this – turtle soup, pump fake, prairie dog pop – they're a great setup idea. (a) price extreme…
Depth refers to the distance with which a pullback retraces the previous extension.
“You can know the name of a bird in all the languages of the world, but when you’re finished, you’ll know absolutely nothing whatever about the bird… So let’s look at the bird and see what it’s doing – that’s what counts. I learned very early the difference between knowing the name of something and knowing…
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. 🙂