One Trade – Multiple YTC Concepts

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.com over the last six years.

Let's check out the trade from last Tuesday's Crude Oil markets.

complex pullback trade

complex pullback trade

complex pullback trade

complex pullback trade

complex pullback trade

complex pullback trade

complex pullback trade

complex pullback trade

complex pullback trade

Happy trading,

Lance Beggs


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YourTradingCoach - Admin

20 Comments to “One Trade – Multiple YTC Concepts”

  1. bharat says:

    one of the best article with full concept with proof.

    • Lance Beggs says:

      Thanks bharat! πŸ™‚

      • Bharat says:

        Hi Lance,

        It is regarding your second trade — where you written in chart to ignore

        1.If we compare the 2 down swing — strength is increasing
        2.If we compare the 2 upswing — strength is decreasing
        3. price stall for 2 min your short on 3rd min

        My question is — why did not wait for target (103.50 -103.60)??

        Regards
        Bharat

        • Lance Beggs says:

          Counter-trend with no trap orderflow. This one had to work immediately or I was out of there. It stalled at entry so I scratched it. Potential reward did not justify the risk. Correct decision.

  2. Rajesh says:

    Hi Lance,
    Love the new look. So fresh and clean.
    It is so simple, but looking so awesome.Easy to read and navigate.
    But you have given me so much of work. Have to go through all the archives beginning tomorrow.
    All the best

    Rajesh.

  3. PiCoTrader says:

    Bonjour Lance,
    I’ve been following you for over 5 years and I still enjoy….
    the Colors of your website,
    Your great charts,
    Your teaching and your newsletter every weeks.

    This last post is another example of your great work.

    Cheers from Montreal πŸ™‚

  4. Naveen says:

    HI Lance,

    I like the new look, it is so clean & refreshed.

  5. Mitchelle says:

    Hi Lance,

    Can’t thank you enough for your articles with such insight.

    Can you have one article on, where price seems to hover around support or resistance, it keeps on breaking it and failing again, how do you trade those and when would be the right time to enter trade in such scenario. It also does give big green or red bars and than fails again.

    Thanks
    Mitch

  6. Tariq says:

    I learned a lot from your videos and articles and your follower for long time.

    Thanks a lot!

  7. Tariq says:

    hmmm! Last Friday I got out of NQ at 3540. No sooner did my order executed the market went another 20 points. But but I reminded myself of your saying from your videos : “I got out I did the right thing…….there will be more opportunities more setups”. Thanks a lot for teaching these lessons.

    • Lance Beggs says:

      Each trade is just one of several that trading day.
      Each trading day is just one of twenty that you’ll have that month.
      Each trading month is just one of hundreds that you’ll have over your lifetime.
      So it doesn’t matter if you win on this trade, or take a loss, or even miss the opportunity entirely.
      That one trade is a small drop in the ocean of your whole trading career.

      • Tariq says:

        That was a winning trade, I took a big chunk on all my contracts but could have doubled. But no. There will be………………….

  8. Hi Lance,
    I think you are one of the best teachers I have ever experienced. You are so direct to the point and I feel every line of yours is a lesson to learn.

    Why dont you have some videos uploaded on the examples of YTC Strategy…I think we can understand better…

    • Lance Beggs says:

      Thanks Vijay! πŸ™‚
      Videos are quite time intensive. And many people don’t have the time to watch them. Information can be conveyed much quicker via text. Think for example the number of times you’ve sat through a 40-60 minute webinar or video only to realise at the end that it had no useful information at all. The same content in a 4 or 5 page article can be scanned in a couple of minutes and dismissed. Of course I’d love to assume that my video content would always contain valuable info… but the reason I prefer text still stands. It’s quicker and easier for me. And it’s quicker and easier for my audience.
      That being said, I am looking to trial some webinars in the second half of 2014 for those who do like that delivery method. πŸ™‚

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