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It’s Monday morning and the markets open with a Simple Pullback
Entry LONG.
We discussed this quite a few years ago – here and here. And in a
“kind-of” related manner here and here.
–––
Three steps:
The principles I use for projection are discussed in the YTC Price
Action Trader (see the discussion on Future Trend projection).
(2) Price must then move into the setup area in the expected
manner.
(3) And finally, I must be able to find a way to enter within the
TTF/LTF structure.
–––
So if I miss a trade, it’s because either (a) I couldn’t see it coming, (b)
I didn’t like how price moved into the area, or (c) I just couldn’t find a
way in that I liked.
:
What looks like a perfect trade on a hindsight post-session chart,
often looks very different at the hard right-hand edge of the screen.
And if it takes close to 30 minutes (or even longer) for the first trade,
so be it.
:
Project -> Confirm -> Trade.
And if that means you miss one, so be it. Let it go. It wasn’t yours to
take. Move on.
Happy trading,
Lance Beggs
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