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
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
Amateur: Seeing price movement as simply… price movement. Step 1: Learning to see price movement as a result of a net orderflow imbalance.
Lets look at a couple of recent trades which contain a single common element. The following two trades are both an entry into the first pullback following a strong bearish price swing. The common element in both is the way that I waited for a three-swing lower timeframe retrace. Just like the complex pullback on…
One of the key tasks I was looking forward to this last week, having recently overcome my long-term internet outage, was in catching up with Aaron Fifield's Chat With Traders podcast. And I must say it was AWESOME to come across episode 117 with Larry Alintoff. (Yeah… I'm a long way behind!!!) The reason……
I see far too many traders destroy a session through fighting the market. Again and again and again. You need to break the pattern. Try implementing this 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…
The following email was received from a YTC Price Action Trader reader who has had a breakthrough in understanding how price movement (or failure to move) can influence trader sentiment. Well done! The next step is being able to see this effect playing out across two timeframes, seeing how the shift in lower timeframe sentiment…
Email Question: I'm not quite sure how to manage this situation. My initial thoughts are that shorts will enter on a break below the channel, and that they will realize that they are wrong if price breaks above the last candle. On the other hand, there is weakness in the uptrend which would set my…