Here’s another great question from a YTC newsletter reader… Question: Lance, I have another question. Its to do with “the trend”. We are told, “the trend is our friend”. We are also told, “the trend is our friend until the end”, and we are told, “trade the trend until it bends”. But the weekly and…
Trapped traders are a simple concept you may wish to incorporate into your trading strategy, due to its potential to offer higher reliability trade setups. Part 1 of this series introduced the 3-Swing Retrace. If you missed that article, you’ll find a copy at this address: https://yourtradingcoach.com/trading-process-and-strategy/trapped-traders-part-1/ In this article, we’ll look at setups which…
Question: Hi Lance, In his text on support and resistance, Mike Reed talks about traders hoping the market will return to a level of support or resistance so they can break even in that trade. So are levels of support and resistance more to do with the behavior of traders than the actual value of the dollar, Thanks from Brian. Answer:
Question: Hi Lance, The exit strategy videos have really been an eye opener for me. Must say it is the best exit strategy tutorial I ever came upon. A big thank you to you. This single aspect has been what I now identify to be the only problem for my trading. I realise that my win/loss ratio…
From time to time I like to share some of the reader Q&A, as it often contains lessons or information that is important for all of us who aspire to master this trading game. The following is a great question from one of the YourTradingCoach newsletter readers, Rory: Question: I have to thank you…
Trapped traders are a simple concept you may wish to incorporate into your trading strategy, due to its potential to offer higher reliability trade setups. These are price action based setups in which traders suddenly find themselves trapped in an undesirable situation, either: Stuck in a losing position, desperate to get out; or Stopped out…
