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
Monday’s emini-Dow session offered two great examples of the higher probability way of trading a reversal at S/R, when price accelerates into the area. The examples occurred on the 10 tick chart, which I’ve been using as my lower timeframe lately, however the concept is applicable on all timeframes and markets (provided they offer suitable…
In last week's article we saw a buy in Crude Oil as it tested support. Check out the article here if you missed it. Today we examine a very similar setup in the emini Russell. In this session I was trading with the following timeframe combinations: HTF 5 min, TTF 1 min, LTF 15 sec…
A few weeks back we discussed a quick and simple method for identifying a "bigger picture" directional bias. See here if you missed it and want to review the idea – Part 1, Part 2. The second article generated quite a bit of good email conversation, with several traders now adding this to their current…
(Previous articles in this series: part 1; part 2; part 3) So far, we’ve discussed: A simple technique for classifying (or naming) candles and gaining a feel for short-term candle sentiment. The importance of context – examining where the current pattern is occurring within the market structure in order to determine the technical and psychological impact of that pattern (how…
I received an email recently from a reader, asking for a GBP/USD trade review and advice on how to follow the trend. His analysis concluded that the higher timeframe 4 hour chart was in a downtrend (based upon EMAs) so he then looked for a resistance area at which he would sell, expecting a resumption…
