Here's something for the short timeframe swing traders and scalpers to try, in an attempt to improve your ability to sustain your focus and attention and to ensure that you do not miss critical information at the most important times within your trading routine. Consider where your attention needs to be during key time segments…
"Everyone has a plan, 'till they get punched in the mouth"…. Mike Tyson Trading is a fight! You're stepping into the ring to face the best in the world. You'd better be ready. Because they're ready for you. Have you studied your opponent? Do you know how they move? Do you know the methods they…
It’s commonly stated, particularly in the currency markets, that higher timeframes trend much better than lower timeframes and are therefore much easier to trade. It's stated that lower timeframes are subject to too much "noise", with choppy, overlapping price action full of stop running and false breakouts.
The following is a great question I received in a recent email: QUESTION: Hi Lance, I have a hypothetical question: Assume you are trading 6E (EUR/USD) on a 3/5 min timeframe. Current price is halfway between support and resistance on a 30min timeframe. The trend is up and your premise is for price action to…
