Trading Process and Strategy

Expecting a Breakout Failure

I recently posted the following image on the YourTradingCoach Facebook page. For the sake of this article, ignore the text in the yellow box. Actually… don't ignore it… put it aside for now but do think about it later. It's incredibly important and may well reveal to you the real essence of trading psychology. But…

Trading Process and Strategy

Reviewing Key Price Action Sequences

A great way to learn to read price action is to review your historical price charts, with a focus on the price action at key structural locations. Find and review anything which fits these categories. tests of significant levels breaks of significant levels traps transitions between trends and ranges transitions from volatility contraction to expansion…

Trading Process and Strategy

Wait for the Fakeout

A common complaint I hear from traders is "the broker ran my stop!" Here's the thing though… it's usually not your broker. It's your failure to properly recognise the real nature of price movement. The nature of the markets is one of tests, retests and probes of prior levels. If you've developed a belief about…

Trading Process and Strategy

Pullback Specialist

There's no greater source of motivation for me (and hopefully for you as well) as seeing someone achieve great progress along their journey to becoming a trader. Well done, Bijan! Excellent work! Reader Email: Hi Lance, A while back I was thinking to my self that the people that make the most money are the…