Lance Beggs
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Lance Beggs
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The Other Trader (6)
Let's continue with an old article series – the metagame – trading AGAINST other traders who find themselves on the wrong side of the market. Because… If I can't feel someone on the other side of the market getting it really wrong, there is no trade. You can see the prior articles here if…
What if you Narrowed Your Focus?
For those day traders who might be stuck in a cycle of continual failure… what if you narrowed your focus? Some days there might be no opportunity. That's fine. Other days there might only be one trade opportunity. Again that is fine. The idea is that this is not necessarily a permanent change to your…
Why Do We Create and Regularly Review our Market Structure and Price Action Journal?
Last Sunday I shared the following image on YTC Facebook and Twitter. It's such a beautiful example of the benefits of journaling, I just had to expand upon this in a newsletter article. Here's the thing… Ok, I know! The markets don't always back up the very next day with a repeat of key…
Price Action Is Not Always What It Seems
Price can be deceptive! Especially if you allow yourself to be caught up in the lower timeframe data. And even more so when that lower timeframe offers a large wide-range candle. Let's look at this lower timeframe chart from Crude Oil on the 24th of February 2014. It looks even more bearish for those who…
A Better Way to Classify Candlesticks
I received an email during the last week seeking some clarification about a prior series of articles. I thought it best that I share this with you all, as my experience shows that if I’ve failed to adequately explain a concept to one person then there are likely many others who didn’t get the message…
Fading the Edges of the Market Structure
Fading the edges of the market structure requires that you see the markets in a different way to the usual retail trader. Strength in price movement towards a range boundary or an S/R level is not necessarily going to continue with strength following a breakout. In the right context, this apparent strength can produce…