A trade is NOT over until the whole idea behind the trade is no longer valid. If you're stopped out, or if you scratch the trade, the trade is NOT over. Remain focused! Watch for an opportunity to re-enter. Lance Beggs
Always consider taking the very first pullback after a structural change, such as change of trend, confirmed breakout or confirmed reversal from a support or resistance area. And a similar example from the same day…
Sometimes you catch them. Sometimes you miss them. Sometimes you get them… but underperform compared to the potential that was available.
I was recently discussing EMA vs SMA with a trader who uses moving averages as a component of his analysis. (Note: EMA = exponential moving average; SMA = simple moving average) Specifically, one part of his methodology requires the identification of a turn of a short-term average against the trend to indicate a weakening of…
The following image was posted a few days ago on facebook and received more "likes" than any other YTC facebook post so far. So I thought we should examine the concept in a little more detail. (By the way… see here for YTC Facebook if you're not already following it: http://www.facebook.com/yourtradingcoach)
I always attempt to be as clear as possible in my articles. It doesn't always work out though! 🙂 The following is a question from a YTC newsletter reader regarding what appears to be some contradiction between recent articles. Excerpt from Email: Contrast the article in this weeks newsletter (4/10/13), where you say you should…
Email Question: Could you please take a quick look at these setups and tell me what you think. Is my line of thought correct? With hindsight both of these pullbacks seem to me valid entries long. I think in both cases the small bearish traps at the end of PBs/CPBs play a significant role and…
