Lance Beggs
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Are Short Timeframes Too Risky For Beginners?
The following is an extract from some great Q&A with one of the YourTradingCoach newsletter readers: Question: Lance, I have been watching those videos on your website and the more I watch them, the more sense they make. They are great, but as you may have guessed I have questions. Firstly, your style of…
Staying Ahead of Price
Never let price take you somewhere your brain didn’t get to five minutes earlier. Keep your awareness ahead of price with a clear idea of expectations and a plan of action for whatever eventuates. In conducting your analysis, think several candles ahead. Where is price going? How is it likely to act? Why? Will that…
Long is Wrong – 2
Last week I shared what is quite possibly my favourite market open play – https://yourtradingcoach.org/trading-process-and-strategy/long-is-wrong/ It can occur as either a PB or BPB setup, providing opportunity as market participants are trapped and stopped out of an early session long. Incredibly simple in concept. But very effective. Please review the prior article if you missed the trade sequence we…
Trading Counter-Trend Against Market Bias
The following is a great question I received in a recent email: QUESTION: Hi Lance, I have a hypothetical question: Assume you are trading 6E (EUR/USD) on a 3/5 min timeframe. Current price is halfway between support and resistance on a 30min timeframe. The trend is up and your premise is for price action to…
One Trade – Multiple YTC Concepts
I particularly like this trade. Not just because it wins. But because of the reasoning behind the trade. Immediately it was closed I thought it had to be the basis for a YTC article, simply to demonstrate the entry pattern. But on further thought, it actually displays many of the concepts we have discussed here…
Surf the Waves
At times it’s all too easy to get caught up in the complexity of this business and the frustration that comes from trying to extract profits from the uncertainty of market action. It can help, during these times, to step back a little and choose to view the game in a simpler way. Of…