Reader Email: To: Your Trading Coach Hi Lance, I thought this was pretty cool and just wanted to show it to you. Nick Attached Image: (*** Click on the image to open a larger copy in your browser! ***) My Thoughts: I love this! For a number of reasons… It clearly shows that…
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…
It’s commonly stated, particularly in the currency markets, that higher timeframes trend much better than lower timeframes and are therefore much easier to trade. It’s stated that lower timeframes are subject to too much “noise”, with choppy, overlapping price action full of stop running and false breakouts. Well like most so-called trading “truths”, the…
A very common question I get (maybe once a week) is whether or not my price action methods are relevant to traders who wish to operate on higher timeframes. That’s understandable I suppose. The vast majority of charts shown on my website are focused on lower timeframes, because that’s where I currently trade. The YTC Price…
The recent “It’s a Process” visual articles have been very popular. https://yourtradingcoach.org/trading-process-and-strategy/its-a-process/ https://yourtradingcoach.org/trading-process-and-strategy/its-a-process-2/ So I thought I’d do a different one with a focus on a longer timeframe. Please note… I don’t trade this timeframe. I trade lower timeframes for personality and lifestyle reasons. But there is no “best” timeframe. I know that…
My method of establishing a bias, or an expectation for the future trend direction, is done through six basic principles of price movement, as listed in my YTC Price Action Trader ebook series. This requires prior price action as it’s based partly upon analysis of previous bullish and bearish price swings and trends. So what do…
There are various analysis tasks that must be completed upon first arriving at our charting platform each day – examination of higher timeframes to create a support and resistance framework; examination of market structure in order to identify the potential environment (trending or ranging); and examination of any pre-session data that may be significant to…
I just want to take the opportunity here to remind those on higher timeframes that almost everything I write should be thought of as largely timeframe independent. Most of the examples I provide will come from very low timeframe charts. Why? Because that’s what I trade! But while the chart images I show in newsletter…
In last week’s article we saw a buy in Crude Oil as it tested support. Check out the article here if you missed it. Today we examine a very similar setup in the emini Russell. In this session I was trading with the following timeframe combinations: HTF 5 min, TTF 1 min, LTF 15 sec…
Context is far MORE IMPORTANT than the trade entry trigger. One of the dangers that newer traders face is too much obsession with Lower Timeframe or Trading Timeframe entry trigger patterns. I’ve been there myself. We all seem to get stuck there. Entry trigger patterns are exciting. They’re simple to see. And most importantly, they…
