Trading the Edges of a Sideways Market

When the market is stuck in a sideways trading range, the primary place to look for opportunity is at the upper and lower edges.

Important References:

Sideways Trend definition: Volume 2, Chapter 3, Pages 99-102

3rd & 4th Principles of Future Trend Direction: Volume 2, Chapter 3, Pages 145, 149, 150

BOF Setup: Volume 3, Chapter 4, Pages 28-31

LTF Pattern entry: Volume 3, Chapter 4, Pages 86-93

Happy trading,

Lance Beggs

Trading Process and Strategy

Trading Gaps

ByLance Beggs October 22, 2010May 2, 2014

A great email question from Mike: I know you don’t trade stocks but I’ve always read that you leave gaps alone due to reversals. But take LOCM today; what’s the buy point? I’m thinking $4.30 or is this to soon, or would $4.50 be the safer buy. I found it at $4.30 but stayed away…

Trading Process and Strategy

One Winner One Loser

ByLance Beggs November 15, 2019

A question received last Monday: "Are you trading today? It's a holiday but the market is open." For future readers… Monday was 11th November 2019. Veterans Day. And yes, the economic calendar which I use also has this listed as a US holiday. But the market is definitely open all day (or at least…

Trading Process and Strategy

Higher Timeframe Forex – When The Market Can’t Push Lower

ByLance Beggs June 16, 2017

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……

Trading Process and Strategy

Simple Session Bias – 2

ByLance Beggs August 10, 2018

Last week I introduced two quick and simple methods for establishing the "bigger picture" bias for the trading session. Let's look at this concept one more time, reviewing all sessions since last week's publication. We will focus this time on the opening range method (my preferred method) and go into a little more detail….

Trading Process and Strategy

Sometimes It Takes Multiple Attempts – 2

ByLance Beggs May 29, 2020

Tuesday's trade sequence reminded me of this article from last year – Sometimes It Takes Multiple Attempts. Where the market reminds us that it doesn't give a damn about our expectations for a quick move from entry to the target. And that sometimes, it would rather play a bit first and see if it…

Trading Process and Strategy

Daily Market Structure & Price Action Study – 2

ByLance Beggs April 13, 2018March 29, 2018

Week 2 of 4 while I'm away from home… From the original post: I've been writing online for over a decade now. And for that whole time I've been promoting the idea of daily study in both Market Structure and Price Action. It's a simple task that takes no more than five minutes, but…

3 Comments

Ryan says:

November 21, 2018 at 6:06 am

Sir, i am not able to find good intraday stocks to trade in intraday basis, when i reach a stock just before that it already has shown its move and i also have patience issues can you suggest some measures.

Thank you

Reply
1. Lance Beggs says:
  
  November 21, 2018 at 7:42 am
  
  Ryan, this will require some Q&A back and forth. Can you email me at support@yourtradingcoach.com
  Thanks,
  Lance.
  
  Reply
2. Lance Beggs says:
  
  November 21, 2018 at 7:44 am
  
  And with a bit more detail please. It’s not possible to provide any guidance with general statements. Why have you not found stocks to trade? What approach have you been trying? Why hasn’t it worked? What else have you tried? What are you planning next, to fix the issue? etc etc etc.
  
  Reply