Patterns vs Context – A Q&A Followup to the Better than Candlestick Series This email Q&A is with a YTC Newsletter reader, regarding the following article series: Better than Candlestick Patterns: part 1; part 2; part 3; part 4; part 5 Please review these articles if you haven’t read them already, in order to understand the following Q&A. Email…
Here is some great email Q&A with a YTC Newsletter reader Thomas… Question: Hey Lance, Hope you are well! Got one question for you. Looking at the below 3-minute chart when would you say we went from uptrend to downtrend? I often have a hard time reading the market after a large move in one…
I came across a great quote a week ago, which led to to part one of this short article series: https://yourtradingcoach.com/trading-process-and-strategy/self-deception-according-to-kierkegaard-part-1/ The quote: “There are two ways to be fooled: One is to believe what isn’t so; the other is to refuse to believe what is so.” …Søren Kierkegaard There are countless ways these two forms…
I came across a great quote during the week, which has led to an unplanned continuation of our recent theme on self-deception. Original articles: https://yourtradingcoach.com/trading-process-and-strategy/a-new-market-model-the-market-is-a-self-deception-mechanism-part-1-of-2/ https://yourtradingcoach.com/trading-process-and-strategy/a-new-market-model-the-market-as-a-self-deception-mechanism-part-2-of-2/ The quote: “There are two ways to be fooled: One is to believe what isn’t so; the other is to refuse to believe what is so.” …Søren Kierkegaard There…
“Will you walk into my parlor?” said the spider to the fly;‘Tis the prettiest little parlor that ever you may spy.”… Mary Howitt Last week, we discussed a market model based upon the fact that the market is a mechanism that promotes self-deception. If you missed the article, read it first here: https://yourtradingcoach.com/trading-process-and-strategy/a-new-market-model-the-market-is-a-self-deception-mechanism-part-1-of-2/ The end result…
Here’s a different way of viewing the markets and the game of trading, which I particularly like – the market is a mechanism for self-deception. This idea comes in part from the world of military strategy. Deception is a key principle of warfare, as stated by Sun Tzu in one of his most famous quotations:…
