Trade Session Review Example Following on from Part One at this link: https://yourtradingcoach.org/trading-business/how-to-conduct-an-effective-trading-session-review-1-of-2/, let’s look at an example of a missed trade. The example is the open of the UK session on April 6th, 2010, which provided us with a beautiful Asian session breakout failure trade. The three blue horizontal lines represent pre-session support and resistance,…
The following trade review examples have been taken (with permission) from some email conversations with Josh, a trader of the YTC Price Action Trader methodology. He’s still in the early stages of his development, developing confidence in his strategy and processes through historical chart review. He’s doing this using ForexTester software which allows for trading of historical charts…
Last Monday was the US Labor Day public holiday. So I was surprised to see an email on Tuesday from a trader who was caught unaware by the low volume. Here’s an excerpt from the email: “Today was some USA holidays (I did not even know it) and most of the markets were completely…
An amateur and a professional trader can look at the same price charts and see completely different things. The difference is not as simple as the professional having a better strategy, but rather that they have superior mental models and belief systems. They see the market in ways that the new trader cannot yet comprehend….
Today I want to share with you some examples of the work done by Johnny, as he learns to read and trade the charts as taught in the YTC Price Action Trader ebook series. Chapter 17 of Volume 5 of the ebook series provides a graduated development plan. Before you trade live you must prove…
I make it a practice to never recommend any particular market as being suitable for your trading. It’s none of my business what you choose to trade. I don’t offer financial advise and to do so would be completely irresponsible as I have no insight into your individual needs or circumstances. (For more, see…
Imagine if you started this exercise a year ago: You’d have an incredible database of 52 “best of†trades and 52 “worst of†trades. An incredible resource of what works and what doesn’t. And clarity as to the path you need to take to grow and develop YOUR edge in the markets. Most likely though,…
The following is some reader Q&A following publication of  Advanced Candestick Analysis (Part 1 of 2). Question: Hi Lance Great article and of high value, I am impressed man. Only one thing if I have problem from time to time with is: BIAS. My trading suffers whenever I form any BIAS whether its for gap…
This is a VERY useful question to ask yourself as a trade is setting up: If I could only take one trade this hour, would I be happy to make it this one? Of course, adjust the time to suit your style of trading. One trade per half-hour, per 4 hours, per day, per week……
You might recall this previous article which talks about the fact that the real source of my edge is not my strategy, but rather it’s me. The knowledge, the skill and the attitude which I bring to the market each day. I’d like to touch on a part of this edge today and then again in…
