Happy trading,
Lance Beggs
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Price has collapsed rapidly at the start of the new session Following the initial low, then a retest, price pulls back to offer us a 3-swing-retracement entry short (also could just as well be considered an upthrust). (Chart Info: Crude Oil, 20 Jan 2012, 1-min chart; although the concept discussed in this article applies to…
Very good lesson. Patience and scratch. Thanks Lance.
Thanks Manuel, I’m glad you’ve found value in the article.
All the best of luck with your trading,
Lance.
hi lance
check the zb h20 chart 5minutes.
the same frustration and ultimate desired price action…. be long from 155-20 area
thank you for the above lesson
There is a lot of this happening at the moment. Difficult conditions as the markets seem to be slowing down early for the Xmas / New Year period, resulting in lots of stalling action, slow grinding movement and retest after retest.