More great email Q&A, that allows us all to learn… Hi Lance, I would like to know what would you do if you are faced with the trade situation as in shown in the attached files. I’m seeing in the one-hour chart that the supply and demand is in equilibrium, then supply is greater than…
A great email question from Mike: I know you don’t trade stocks but I’ve always read that you leave gaps alone due to reversals. But take LOCM today; what’s the buy point? I’m thinking $4.30 or is this to soon, or would $4.50 be the safer buy. I found it at $4.30 but stayed away…
When we talk trading risk, most people only ever think about individual trade losses. They rarely ever put any consideration to external risks, that can be just as damaging to your trading business profit & loss. The following is a great email I’ve received from YTC reader Adam, who kindly gave permission to share his…
Deliberate practice requires maximum exposure to price action and an ongoing process of learning through trial and error. Whenever you have a spare five minutes or so, a great exercise you can do to enhance the ‘maximum exposure’ part of your deliberate practice, is the following: Bring up a chart of any instrument you like…
Recent articles on my session review process mentioned the use of a market replay feature. I’ve been asked for some information on this tool. Not surprising really – it’s something that most forex traders will not have experienced. Market replay is a feature that has appeared on many futures platforms in recent years. It allows…
