Monday… let’s start with some higher timeframe action… Error 1: I was blinded by one of my favourite pre-session signals; a trap right before the open. And an expectation that this trap would spring completely and help to drive price higher. Error 2: I failed to consider the alternative – “What if I’m wrong? What…
What a way to start the week! But we didn’t necessarily know this at the open… so let’s step back to 09:30 and trade. The obvious conversation that will follow… “But Lance, I can see quite a few trades there. If you look at….(indecipherable as I’ve stopped listening at this point)” “Ok, thanks. But I…
I love this part of a recent email conversation with a reader: “Why do you hate indicators so much? You can’t beat the simplicity of an MA crossover for holding the trend.” Haha. “Hate” is a bit severe. I honestly don’t hate them at all. I use some indicators. The YTC Scalper lower timeframe template…
It’s been a week of incredible opportunity and incredible challenge. We discussed the challenge a little on social media, with some good lessons that I thought should be shared through this channel as well. This social media post struck a real chord with viewers, in comparing the opportunity from Monday and Tuesday and discussing how…
Some days the markets are just messy. Choppy price action which does it’s best to whip you out of a trade before it moves on without you. The best way I’ve found to manage this (apart from just standing aside) is to accept the chop and work WITH it through focusing and finding a re-entry…
Trading is a performance activity. So much of your success or failure comes down to your ability to make quality execution decisions in real-time. And so much of that depends upon your ability to keep your focus OFF yourself, during those times when things are not going quite right. Take the focus off yourself. And…
Good news… tech problems delayed the start to my trading on Monday. Well, not good for me I guess, as I missed a beautiful trap entry at the open. But good for those who were hoping for a followup to the prior article, Trading after Structure has Formed, where we discussed the idea that those…
Let’s return to the sporting world… because there is so much we can learn from the way that professional sport manages mindset and performance. In particular today, let’s consider the half-time team talk. The team has walked from the field and is back in the locker room. You’re the coach. You’re responsible for guiding this…
I’d like to expand upon Wednesday’s social media post. And share it via the blog and newsletter to ensure this gets to a wider audience. Because it’s an important concept. One I believe critical for your trading success. Part of good trading comes from quickly identifying and avoiding those price sequences which contain potential to…
Let’s do a quick followup to the recent article on Layered Levels of Support or Resistance. Because there was an email response that I think is worth sharing. – – – Email: Lance, you’re a legend. Your timing is perfect. I’ve been trying to trade off major daily levels (prior days highs and lows, overnight…
