Happy trading,
Lance Beggs
Similar Posts
Buy because there are No More Sellers
From last weeks article (Return to First Principles)… You must aim to BUY at areas where you know others will buy after you, because their buying will create the net orderflow or bullish pressure to drive prices higher, allowing you opportunity to profit. You must aim to SELL at areas where you know others will…
Pre-Session Analysis Starts with the Daily Chart
I was recently asked on Twitter about my pre-session analysis. My response was simply that I’ve outlined the process in detail in the YTC Price Action Trader. However, since publication, I have added a couple of minor steps. Let’s look at one today. It occurs just once a day, right at the beginning of my analysis process. It…
How Do You Know When To Exit
Trader Q&A… Question: Hi Lance, It was by pure chance that I found your site through you tube, but am I glad I did!! Good sound advice which if you take it, works. There is just one thing that always puzzles me and I hope you can help me with this. I have been looking…
Stop Running – And What You Can Do About It
One of the most common email questions I receive at www.yourtradingcoach.org is on the topic of stop running. Sometimes the question comes as a result of the trader having been stopped out on too many occasions by just a tick or two, leaving them to watch from the sidelines while the market then moves in their expected…
Active Management and Defensive Exit – An Example
NOTE: Not for newer traders Thursday 9th February 2012 Active trade management requires a constant reassessment of trade potential throughout the life of a trade, in order to maximise any opportunity and minimise any risk. Here’s an example (as best I can recall a couple of hours after the fact). The tick chart shows the…
Double Inside Bar Setup and Trigger
Here’s a great email I received recently from YTC reader, Bijan: Hi Lance, I trade using YTC PAT 3min trading chart & 1min for triggers. I keep on coming across this 1min trigger over and over again (see charts below). I’ve never heard anyone discussing this type of trigger and wanted to get your thoughts on…