Take note when the market offers something that many traders will see as obvious.
Because when "obvious expectations" fail, you will often find a clear directional bias and good trade opportunity in the opposite direction.
Monday 30th April 2018
And that is a quite reasonable expectation. You SHOULD be seeking opportunity LONG.
At least until the market proves otherwise.
For me though, I always take note of anything I consider to be an "obvious expectation". Because I also know that there is no certainty in the markets. And when obvious expectations fail, that often provides some of my favourite trading conditions in the other direction.
Let's zoom in to Monday's price action (it's the 5 min chart – a little higher than my trading timeframe but it fits the image better!)…
Tuesday 1st May 2018
Another example…
Wednesday 2nd May 2018
And again…
Take note when the market offers something that many traders will see as obvious.
Because when "obvious expectations" fail, you will often find a clear directional bias and good trade opportunity in the opposite direction.
Happy trading,
Lance Beggs
Lance, an amazing article, and an amazing post on Facebook from 10/05/2018 (after the holidays) … I want to go where you rested))
Thanks Nik. Glad you enjoyed it.
I also want to go back to Bali. I always struggle on the first weeks back from holidays. I think it’s time to plan the next trip. 🙂