Forex Opening Range Breakout Strategy

Opening Range breakout strategies are very popular in the stock and emini-futures markets. If you’re not familiar with these Opening Range breakouts, a Google search should also bring up more information than you can probably read in a lifetime. To greatly simplify the strategy, it essentially involves identifying the high and low price from the…

The Greatest Trading Book – Ever!

  “Repeticio est mater studiorum.” (Repetition is the mother of all learning) …Saint Thomas Acquinas   If you’ve noticed the small size of this article, you may suspect that this article itself is NOT the Greatest Trading Book – Ever! And you’d be correct. But don’t worry; there’s a simple explanation. This article will explain…

Profiting from Trapped Traders – Revisited

We first visited the concept of trapped traders a couple of months ago, in this two part series of articles: Trapped Traders – Part 1 – https://yourtradingcoach.com/trading-process-and-strategy/trapped-traders-part-1/ Trapped Traders – Part 2 – https://yourtradingcoach.com/trading-process-and-strategy/trapped-traders-part-2/   While there are other variations of the ‘trapped trader’ concept that we haven’t explored yet, I thought it would be…

Candlestick Pattern Win Percentages

From time to time I receive a question at www.YourTradingCoach.com asking the winning percentages, or accuracy rates, for each of the individual candlestick patterns. It’s a reasonable question. The trader is hoping that by establishing the probabilities of success or failure, they can then focus more on the higher probability patterns and minimise their exposure to…

Setups Based on Other Trader’s Stop Areas

As a follow-up to the article on stop running https://yourtradingcoach.com/trading-process-and-strategy/stop-running-and-what-you-can-do-about-it/, I thought I’d show an example of how these occurrences can set up great trade opportunities. Observe price as it breaches any significant swing H/L or S/R level. Not only will this trigger the breakout trader’s entry orders, but also the stops for many other…

Trading the Most-Challenging Market Environments

Risk management is not just setting stops. A risk management review of your business should involve identification of all risk and establishment of controls or treatments to ensure you appropriately manage that risk. Risk treatments are usually classified into three categories: Avoid the risk, Transfer the risk to another party, or Reduce the risk.  …

Rock Paper Scissors – A Trading Analogy!

Yeah… I'm serious! Rock Paper Scissors! I know all the other trading educators are talking about poker and the lessons it provides in position sizing and trader psychology. I'd love to sound really cool as well and talk about No-Limit Hold 'em, or Aces over Kings, or all manner of other great-sounding terms. But the…