Let’s try and improve your thought process at the time of trade identification and entry. Will this trade win? Let’s start by looking at the higher timeframe structure. And now the trade entry on our Trading Timeframe chart. Will this trade win?
Reader Feedback – Light Bulb Moments: Hey Lance, Hope you are well. I refer to your newsletters dated 28/3 and 4/4, the contents of which embedded a light bulb moment in my head. Up until now I’ve always hated gaps, I felt like the markets flow has been disrupted. In reality my perception was…
Continuing a theme from previous articles – here and here. Keep your focus ahead of price Never let price action take you somewhere your brain didn’t get to five minutes earlier. This is not just a concept to apply during the trading session. It also applies at session open. Start the session with some…
Last week we examined an early-session opportunity in the Australian SPI futures market. See here if you missed the article: https://yourtradingcoach.com/trading-process-and-strategy/late-session-breakout-early-session-opportunity/ Over the weekend I received an email from a reader asking an excellent question. I thought I should share it with you all. Question: Hi Lance, You mentioned that there were 2 opportunities…
Every day you should look for one quality trade opportunity and study it. Print it out, review it, learn from it and file it in your Trades Journal. It doesn’t have to be one you traded. If it is, that’s great. But it doesn’t have to be. There is still opportunity to learn. It…
From YTC Facebook: Posted Wednesday 4/6/14: It’s psychologically draining to enter a trade and then watch it almost immediately move to drawdown. But here’s a fact… the best entry technique for any particular trade CANNOT be known until the trade is over and reviewed with the benefit of hindsight. We can’t expect to…
