Patience - Wait for the Trap

The last week was quite tough in many markets, with lots of sideways action and the occasional sharp directional moves in-between.

In tough environments, it pays to be VERY patient. Don't push trades. Wait for the A-trades only; the ones which are screaming out to be taken.

One that screams out to me is demonstrated below - a directional move, stall and trap.

Play defensively. If it doesn't move immediately, consider scratching to reassess. Quite possibly you're the one getting trapped!

Happy trading,

Lance Beggs