Every Price Interaction with Support or Resistance is Unique

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)

Consistent, High-Quality Repetition of Process (3 of 4)

  The recent "It's a Process" visual articles have been very popular. https://yourtradingcoach.com/trading-process-and-strategy/its-a-process/ https://yourtradingcoach.com/trading-process-and-strategy/its-a-process-2/   So I thought I'd do a different one with a focus on a longer timeframe. Please note… I don't trade this timeframe. I trade lower timeframes for personality and lifestyle reasons. But there is no "best" timeframe. I know that…

Price Action – Lagging or Leading?

The following is an excerpt from an email response to a trader who suggested that, “Price Action Trading is a lagging indicator (albeit short lagging indicator) methodology based on one’s reading of the future price direction through market/trend analysis with active management designed to scratch trades early if the market suggests one is incorrect on…