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Identify a potential trap |
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Feel the pain |
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Spring the trap |
Lance Beggs
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Why Do I Hate Indicators So Much?
I love this part of a recent email conversation with a reader: “Why do you hate indicators so much? You can’t beat the simplicity of an MA crossover for holding the trend.†Haha. “Hate†is a bit severe. I honestly don’t hate them at all. I use some indicators. The YTC Scalper lower timeframe template…
Opportunity Exists where you find Frustrated Traders – Part 2 By Lance Beggs May 19, 2017
Feedback suggests that people got a lot out of last week’s article, so let’s continue with that topic one more time. Check it out here if you missed it – https://yourtradingcoach.org/trading-process-and-strategy/opportunity-exists-where-you-find-frustrated-traders/ This was the general idea though – I’m always looking at the market from the perspective of “the other trader”. In particular, seeking out…
Inside Bars at the End of a Price Swing
By far the majority of my trading decisions are based upon TTF setup areas and LTF pattern-based execution. Very rarely do I enter based upon the TTF price action alone, without any real reference to the lower timeframe chart. When I do though, it’s almost always due to the presence of a narrow-range Inside Bar….
Conflicting Trends on Different Timeframes – How I Read This Chart!
Here is some great email Q&A with a YTC Newsletter reader Thomas… Question: Hey Lance, Hope you are well! Got one question for you. Looking at the below 3-minute chart when would you say we went from uptrend to downtrend? I often have a hard time reading the market after a large move in one…
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A Better Way to Classify Candlesticks
I received an email during the last week seeking some clarification about a prior series of articles. I thought it best that I share this with you all, as my experience shows that if I’ve failed to adequately explain a concept to one person then there are likely many others who didn’t get the message…