Price Bar Reversal Patterns – The Island Reversal
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Should I Avoid the First 10 Minutes?
An excerpt from a reader email: How should one trade when the market opens? I have found that it's somewhat a guessing game which way the market will trend during the first 10 mins as it sometimes gaps down & then reverses & trends up for the rest of the day. Do you avoid the…
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…
Opening Drive – When you Miss the Early Entry
I do love a strong gap opening. So let’s begin Friday 31st July 2020 with NQ gapping higher. We’ll start with the 30 minute chart (RTH session data only so that we see the gap). Let’s drop slightly to the 15 minute chart and include some overnight data as well. So let’s prepare for the…
The Key to Seeing Orderflow
The key to seeing potential sources of orderflow which can move a trade to profit, in any market, in any timeframe, is to… … see the pain, not the price!
Order Entry Error – Again
I seem to average an order entry error maybe once every two months. That's not too bad considering entry is via a single click. But it's something I will continue to work at improving. In the meantime, it's an opportunity to again present my ideas on how to best manage those times when you…
How Do You Know When To Exit
Trader Q&A… Question: Hi Lance, It was by pure chance that I found your site through you tube, but am I glad I did!! Good sound advice which if you take it, works. There is just one thing that always puzzles me and I hope you can help me with this. I have been looking…