4.3 C
Munich
Friday, February 23, 2024

When the Opening Sequence Gets Stuck – YourTradingCoach.com

Must read

- Advertisement -


This is NOT what I wanted to see…

<image: When the Opening Sequence Gets Stuck>

But then the market doesn’t care for what I want to see.

It’s my job to adapt to the market. Not the other way around.

- Advertisement -

So let’s trade… and talk about actions taken when the market open becomes STUCK.

<image: When the Opening Sequence Gets Stuck>

<image: When the Opening Sequence Gets Stuck>

<image: When the Opening Sequence Gets Stuck>

- Advertisement -

Nothing unusual here really.

If you want a rule of thumb to carry forward into your trading:

  • Markets can (and often do) get stuck within narrow-range gaps. Be prepared for them. Recognise them. And adapt.

<image: When the Opening Sequence Gets Stuck>

<image: When the Opening Sequence Gets Stuck>

<image: When the Opening Sequence Gets Stuck>

<image: When the Opening Sequence Gets Stuck>

<image: When the Opening Sequence Gets Stuck>

- Advertisement -

<image: When the Opening Sequence Gets Stuck>

When the opening sequence get stuck, consider standing aside until a confirmed break.

Trade ONLY when you see edge. Stand aside when you don’t.

And if it subsequently returns to that earlier chop and gets stuck again, maybe it’s a sign that you don’t belong there that day.

Sometimes the best decision is to limit exposure to poor conditions. Call it a day and save your mental and financial capital for better conditions and better opportunity.

Happy trading,

Lance Beggs

 


 





Source link

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article