Happy trading,
Lance Beggs
Similar Posts
Market Analysis Example – Narrow Range Sideways
I received an email this week thanking me for the Advanced Candlestick Analysis articles and requesting some more analysis of this type. If you haven’t seen these articles, check out part 1 and part 2 here: https://yourtradingcoach.com/trading-process-and-strategy/advanced-candlestick-analysis-part-1-of-2/ https://yourtradingcoach.com/trading-process-and-strategy/advanced-candlestick-analysis-part-2-of-2/ I’d love to do more of these articles, but they take quite a while to put together….
Wait till the Reversal Trader is Trapped
I am quite a fan of Al Brooks' first book, "Reading Price Charts Bar by Bar", despite the fact that we trade very differently. Out of close to 400 pages, there is the one idea which has stuck with me more than any other. From page 384: "Countertrend setups in strong trends almost always…
The Good News About Bad Market Openings
I love market opens. The time of day that typically offers the greatest pace and potential for range expansion. But let’s be honest – sometimes they suck. I have a rule – two failed attempts at something and I consider standing aside. Three failed attempts and it’s compulsory. Today I’m standing aside after two attempts….
The Other Trader
I find it interesting that VERY FEW people discussing their trades with me ever talk about "the other trader". They always talk about the technicals – the price patterns and (if a little more astute) the strength / weakness analysis. I get it. That stuff is important. I suppose I'm guilty of this as…
“No Play” Zone
A late pre-session breakout of key price levels… you know I love that. But there was one factor which suggested that I should be in no hurry to trade. Step back a little, define a “No Play” zone, and wait. Hindsight will show us it wasn’t necessary this time. But there are places on the…
Price Bar Reversal Patterns – Video 5 – The Closing Price Reversal
Price Bar Reversal Patterns – The Closing Price Reversal
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.