In last week's newsletter we looked at a more enlightened way to use TA – anticipating and exploiting traps within the marketplace. Here's the link if you missed it:


Today, let's look at another example of the concept discussed in this earlier article.

anticipating traps

anticipating traps

anticipating traps

anticipating traps

anticipating traps

This reminds me of a prior series of articles on the market as a mechanism for self-deception. The series started as follows:

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:

“All warfare is based on deception. Hence, when able to attack, we must seem unable; when using our forces, we must seem inactive; when we are near, we must make the enemy believe we are far away; when far away, we must make him believe we are near.”
… Sun Tzu

If we can show the enemy something that he wants to see, and that he perceives to be certain, then his decision making processes will become predictable and we can position our forces to successfully inflict defeat.

Can we apply this idea to the markets, and to the game of trading? Absolutely.

Here's the article links if you want to explore this idea further. Viewing the market as a mechanism for self-deception is not "pure" YTC Price Action Trader, but the trapped trader concept is an integral part of the YTC PAT approach:

Happy Trading,

Lance Beggs

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  1. One of my favorite articles this one is! Great stuff Lance.

    I’m trying to find one of your other articles I read a while ago but didn’t save it in favorites, can’t seem to find it.

    It was about anticipating stops/orders, I remember something along the lines of “always think… where are the stops”, / “where are the stop orders” / “stops are order flow”… something along these lines.

    Do you know by memory which one I’m referring to? Will keep looking, not found the right one as yet.



      1. Yeah that’s the one. Thanks. Where are the orders! Double doses of order flow as you’ve said.

        Getting into this frame of mind as well as thinking traps by identifying where the stops are likely placed (sources of liquidty).

        Was reminded buy stops at a resistance area (from new longs as well as shorts stops) can be used for liquidty to be absorbed for a good short trade, or to propel price for a long, shooting it up if not absorbed.

        It’s amazing the mindset change that occur when you see price action as emotion, behaviour and orders triggering, not just patterns.


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