The most reliable price swings are those following the point of realization of a trap.
My trading strategy aims to have me trading as one of the trappers, rather than one of the trapped. Does yours?
Happy trapping,
Lance Beggs
Similar Posts
When the Pullback moves TOO DEEP TOO FAST
Let's look at a trade from Tuesday which was quite challenging to take. One in which the pullback moves too deep… and WAY TOO FAST. One which triggers the question in your mind – "Is this a pullback or is it the start of a complete reversal?" Every trader is familiar with this feeling!…
Failure Scenarios
I love this comment from David on last week’s article – Long is Wrong 2. The key part is highlighted. I’m actually really excited to see someone recognise the importance of watching for failure scenarios. Opportunity exists at the places where large numbers of traders get something wrong. The times and places where obvious expectations…
“But it’s scary!” “What if it fails?”
I received some interesting comments about a trade in a recent article – https://yourtradingcoach.com/trading-business/the-good-the-bad-and-the-ugly/ Here's an image from the article, showing the entry SHORT against a single wide-range bullish candle. Review the original article if you want to see the context behind the trade. For now though, I want to discuss some concerns that…
Entry After An Extended Complex Pullback
I don't always time these so well, but this one worked out to be a really nice entry. So let's check it out and discuss what I'm thinking when faced with a really long extended grinding "will it ever end" pullback. First the higher timeframe to get some context… And now the trading…
Better than Candlestick Patterns – Part One
The key learning point from candlestick patterns is that (assuming you’ve been taught correctly) it teaches you to read the sentiment within the pattern; how the battle between the bulls and the bears is playing out and which is the dominant force. This concept is then applied to a dozen or so patterns. And provided…
Acceleration Into S/R – Wait For the 2nd Chance Entry
Monday’s emini-Dow session offered two great examples of the higher probability way of trading a reversal at S/R, when price accelerates into the area. The examples occurred on the 10 tick chart, which I’ve been using as my lower timeframe lately, however the concept is applicable on all timeframes and markets (provided they offer suitable…