All Market… All Timeframes.
1. Determine the bias
2. Enter on a trap setup against the bias
The following provides an example for longer timeframe equities traders, using a Weekly / Daily combination.
Note: These were not traded live. I trade lower timeframe futures. This article is simply demonstrating the concept for educational purposes.
Lance Beggs
Last week we looked at key components of the daily session review process (If you missed it, refer to last weeks article Part 1 and Part 2). This week we’ll look at another key aspect of your review process – but longer term – some of the key stats you should monitor to measure the…
I don't recall who said this… and I'm paraphrasing… but I absolutely loved it when I heard it and it's stuck with me ever since. "Why shouldn't we try to pick tops and bottoms? That's where the risk is smallest and the profit potential is greatest." (If you recognise the actual quote can you…
I was recently asked on Twitter about my pre-session analysis. My response was simply that I've outlined the process in detail in the YTC Price Action Trader. However, since publication, I have added a couple of minor steps. Let's look at one today. It occurs just once a day, right at the beginning of…
One of our aims in trading the financial markets is to make sure that we're trading in the right places on the price chart. Places which make sense when viewed from the perspective of the psychology of the market participants. Places which make sense when viewed from the perspective of the structure of the…
A reader recently sent me a question which I think we can all learn from. Let's start with the higher timeframe first to get a bit of context. It's the YM (emini Dow) on the 24th of January 2018, if you wish to look at your own charts. And now let's examine the 1…
A couple of years ago I produced a short video titled, “How I Trade Breakouts” (edit: no longer online… but not necessary for this article). In that video I discussed the fact that I don’t like to trade breakouts. My preference is to trade the first pullback following the breakout. That’s self-explanatory. As an alternative…
