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

IF-THEN Analysis at Session Open

ByLance Beggs June 13, 2014June 13, 2014

Continuing a theme from previous articles – here and here. Keep your focus ahead of price Never let price action take you somewhere your brain didn’t get to five minutes earlier. This is not just a concept to apply during the trading session. It also applies at session open. Start the session with some…

Trading Process and Strategy

Trading an Uncertain Trend

ByLance Beggs July 28, 2017July 28, 2017

The YTC Price Action Trader provides clear definitions for a trend – uptrend, downtrend and sideways trend. But despite this, there will be times where price action offers something that is not so easy to read. One of these times can be immediately following a news release: It would be great if the…

Trading Process and Strategy

Trading with Context via a Wider and Multiple Timeframe Perspective

ByLance Beggs November 9, 2012April 26, 2014

Three examples of really nice breakouts… Or are they? (Hopefully you didn't just take my word for it!) Here's the outcome of all three:

Trading Process and Strategy

The Importance of Exit Strategy – Part 1

ByLance Beggs June 2, 2008April 30, 2014

I was chatting to another trader this morning about exits, and thought it might be time to share my understanding of ‘the basics’ of exit strategy and exit management. It really is an area of trading that gets very little attention compared to the other end of the trade – the entry. Go into any…

Trading Process and Strategy

Focus on the Right Timeframe

ByLance Beggs March 28, 2013April 21, 2014

I operate with three timeframes: Higher Timeframe – Defines the S/R structure within which the trading timeframe moves. Trading Timeframe – This is used to define the trend, market bias and to identify setup locations. Lower Timeframe – This is used to fine-tune my trading timeframe analysis and to time entry and exit decisions. I…

Trading Process and Strategy

When Fighting the Trend… (Part Two)

ByLance Beggs March 15, 2013April 23, 2014

We finished up last weeks article (which you'll find here if you missed it) with the following image… Well, my post-session review did consider this question. In fact, the answer was obvious to me even as I traded the session. I knew I was fighting an obvious uptrend from maybe the second or third trade,…

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