Patience – Wait for the Trap

The last week was quite tough in many markets, with lots of sideways action and the occasional sharp directional moves in-between.

In tough environments, it pays to be VERY patient. Don't push trades. Wait for the A-trades only; the ones which are screaming out to be taken.

One that screams out to me is demonstrated below – a directional move, stall and trap.

Play defensively. If it doesn't move immediately, consider scratching to reassess. Quite possibly you're the one getting trapped!

directional move, stall and trap

directional move, stall and trap

Happy trading,

Lance Beggs

Written by

YourTradingCoach - Admin

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