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 at yourtradingcoach.org over the last six years.
Let’s check out the trade from last Tuesday’s Crude Oil markets.
Happy trading,
Lance Beggs
Here’s a concept that is simple and repeatable. I shared this post on social media just before the open on Monday: And then this post on Tuesday, after the markets were kind enough to offer us a brilliant example of the concept in action: As I said at the start – it’s simple. And repeatable. And incredibly…
Do you know what is better than receiving an email from a trader excited about a huge win? When that email contains no mention at all of the profits (approx 125 points in this case). Instead the email shares excitement about the context. The structure. And the way the market set up and allowed this…
Sometimes a slight change in perspective can make ALL the difference. The light bulb comes on. And what was once hidden is now blindingly obvious. It’s my hope that today’s article may well provide someone with one of these paradigm shifts, as it relates to the mindset required for trade re-entry. If you operate with…
I don’t often trade after midday Eastern Time. It’s the middle of the night here and I’d much prefer to get some sleep. But from time to time I’m alert and awake and there is no chance I’d be able to sleep even if I tried. So I’ll complete some of my post-session review…
Sometimes you catch them. Sometimes you miss them. Sometimes you get them… but underperform compared to the potential that was available. Sometimes you’re wrong (or in this case right but early… which is still wrong). Here’s the thing though.. At the individual trade level… it’s all irrelevant! Individual trade results do NOT matter, provided…
I seriously love an opening momentum drive! Even when I miss the initial entry. Let’s look at the charts… I don’t get paid for disappointment or frustration. Let it go. And FOCUS. Remember… in a momentum drive, initial breaks against bias often fail. Here’s my thought process: The First Principle is in play. And there is…
