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
One of the essential breakthroughs we need to make in our journey involves learning to think in probabilities. It's something that all traders say they understand. But, for most new traders, their behaviour and decision-making shows that it has not been accepted. This came to mind when I received the following email question: –…
Price has collapsed rapidly at the start of the new session Following the initial low, then a retest, price pulls back to offer us a 3-swing-retracement entry short (also could just as well be considered an upthrust). (Chart Info: Crude Oil, 20 Jan 2012, 1-min chart; although the concept discussed in this article applies to…
There were three NQ sessions in the last two weeks which broke both sides of the overnight range. Let's check them out. The following are all Higher Timeframe 15 minute charts. I chose this timeframe simply because it fits on the image quite nicely. Whatever higher timeframe you use, is fine. The concept here…
I’ve been following a great blog (http://forexbird.blogspot.com/) for a couple of months now and it’s inspired me to spend a week or two playing with a reduction in trading timeframe. And I have to say that while trading is without doubt a serious business, I haven’t had so much FUN in years. Despite his excellent…
Candlestick Patterns – Shooting Star
The most reliable price swings are those following the point of realization of a trap. My trading strategy aims to have me trading as one of the trappers, rather than one of the trapped. Does yours?
