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
In my experience, most traders are too focused on individual trade results. Individual trade results do not matter (provided of course they do not violate your trade, session or longer timeframe drawdown limits). You need to expand your focus beyond the individual win or loss. Once you've proven your strategy in a sim environment, the…
Price Bar Reversal Patterns – The Bullish Rejection Pattern
Hey Traders, Now that we’ve completed the whole Price Bar Reversal Patterns Video series, I thought it might help if they were all on one page. It saves you jumping from page to page after every video. Enjoy … Price Bar Reversal Patterns – Intro Price Bar Reversal Patterns – The Bearish Rejection Pattern…
I've written a lot about displaying patience at the open. About waiting till the bias is clear and trading conditions are favourable. But there are some situations where I don't display patience. Where I'm keen to get a trade on as soon as I can. No patience. No delays. It's game on! One of…
The market has opened and rallied. Not with great strength. In fact it's quite slow. But it rallies with a clear bullish bias. It's clear of all S/R levels, above the prior day's high resistance (now support) and well short of the next higher timeframe resistance level. Trade opportunity in such a case is…
Price Bar Reversal Patterns – The Key Reversal
