Trading Process and Strategy

Profiting From What the Market Doesn’t Do

Sometimes in conducting our analysis and formulating trade ideas, it’s important to notice what the market does not do. The chart below is a 1-minute snapshot of the 6B (GBP FX Currency Futures, equivalent of GBP/USD for forex traders) from last night, Thursday 25 Mar 10. The market was established in a downtrend with a…

Trading Process and Strategy

Profiting from Trapped Traders – Revisited

We first visited the concept of trapped traders a couple of months ago, in this two part series of articles: Trapped Traders – Part 1 – https://yourtradingcoach.com/trading-process-and-strategy/trapped-traders-part-1/ Trapped Traders – Part 2 – https://yourtradingcoach.com/trading-process-and-strategy/trapped-traders-part-2/   While there are other variations of the ‘trapped trader’ concept that we haven’t explored yet, I thought it would be…

Trading Process and Strategy

Setups Based on Other Trader’s Stop Areas

As a follow-up to the article on stop running https://yourtradingcoach.com/trading-process-and-strategy/stop-running-and-what-you-can-do-about-it/, I thought I’d show an example of how these occurrences can set up great trade opportunities. Observe price as it breaches any significant swing H/L or S/R level. Not only will this trigger the breakout trader’s entry orders, but also the stops for many other…

Trading Process and Strategy

Rock Paper Scissors – A Trading Analogy!

Yeah… I'm serious! Rock Paper Scissors! I know all the other trading educators are talking about poker and the lessons it provides in position sizing and trader psychology. I'd love to sound really cool as well and talk about No-Limit Hold 'em, or Aces over Kings, or all manner of other great-sounding terms. But the…