Happy trading,
Lance Beggs
Happy trading,
Lance Beggs
Common advice is to trade what you see, not what you think. I've never been comfortable with that advice. As a discretionary trader, it just doesn't make sense. We're not machines; what you see is determined in a large part by what you think, and in fact by what you feel.
The quicker you can recognise that you're wrong… the quicker you can become right. Here is a useful rule: Two Attempts – Then Reassess! After two attempts at a trade idea, if it hasn’t worked, it’s clear that something is not right. You’re not in sync with the market. Either: You have misread the…
I received an email last week from a student of the YTC Price Action Trader, which I ABSOLUTELY LOVE. Actually, I receive a lot of email which I absolutely love. But sometimes they just stand out immediately as something really special. It was a simple email, containing just one image (shown below). And the…
The session begins… Don't chase the missed entry. But remain focused. Because sometimes, while price has still not reached the expected target area, it might offer a nice lower timeframe structure. Something that you can lean an entry against, which offers an acceptable level of risk. Something that still offers potential rewards, sufficient to justify…
I’ll be the first to admit that there is MUCH room for growth in my own development as a trader… in terms of knowledge, skill and attitude. In fact, I recognise that it’ll be a life-long journey. One area that has a lot of scope for development is my use of volume analysis. If you’ve…
It seems that most of the examples of market traps which I've shared over the years, were all traps which trigger very quickly. We all like the quick ones. They're easy. Like this one: See here for the TST, BOF & BPB Setups. Let's see what happens as price breaks the swing high at…
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.
Thanks for educating us with valuable postings, definitely you are doing a great service 🙂 to the struggling trading community
You’re welcome Ramesh. Best of luck with your trading.