Candlestick Patterns – The Bullish Engulfing Pattern
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Where to Trigger Entry into a Pullback
Some more great email Q&A… Question: Hi Lance, Had a question on breakouts. I know you subscribe to the breakout, then wait for a pullback to get in. I was monitoring GBP/USD last night. I set an alarm for if price got up to resistance at 1.5080. It then broke thru. Sticking to my rules…
Why Did I Take Partial Profits So Early?
Last week’s article led to a great question on twitter. Yeah, fair call. It does look ridiculously early. Here’s the trade we discussed in that article. Here was my reply: Let’s step through the entry and early trade management decisions. The vertical axis is a little compressed on the 1 minute chart so we’ll do…
Trade Review – Should He Have Exited?
I received a question from a reader who made an exceptional trade but was concerned that he should have exited the trade much earlier, scratching for a small loss and then possibly seeking re-entry. I love this! I would typically expect most traders to be ecstatic about a win. But it's a sign of…
Long is Wrong!
If you’re new to my newsletter, you could be forgiven for thinking that all I trade is an NQ opening range drive. I think in recent times we’ve covered that more than any other opening setup. Like here – https://yourtradingcoach.com/trading-process-and-strategy/pre-session-emotion-and-an-opening-drive/ Essentially it’s the first YTC Price Action Trader PB Setup following expansion from the open,…
Focus on Catching These Trades First
There are some trade ideas you look at with hindsight which are quite complex and which may have been difficult to execute. And there are others which jump out at you as being really simple. If you're not yet profitable, then focus on the SIMPLE trade ideas. Identify them. Study them. Learn from them….
Is Forex a Casino?
EMAIL RECEIVED AT YTC (Subject: Is Forex a (f…ing) Casino?) Hi Lance, As I said in the subject of my e-mail, did you ever have the feeling that all this trading business is only a f… casino? Time and time again I lose all my money in these damned markets. I get only a few…