Happy trading,
Lance Beggs
Similar Posts
How I Define the Trend
I occasionally get email requests asking how I define the trend, so to save on future email replies here’s the short answer… It seems that perhaps many people assume I use an EMA, given that the charts shown in my newsletter typically display an EMA(20). That’s not my trend definition though. I use fairly standard…
The Two S/R Levels You Must Have On Your Charts
As an intraday trader there are TWO S/R levels that are always on my chart. The Prior Day’s High The Prior Day’s Low
Pre-Accept All Possible Losses
Last week we discussed a simple technique that helps keep my mindset focused on the price action, rather than on my P&L, after suffering a trade loss. You'll find last week's article here if you missed it – https://yourtradingcoach.com/trader/its-how-you-choose-to-react-that-makes-all-the-difference/ So this week… I want to go a little deeper. Because there is something that needs…
If you don’t get annoyed when this happens, then you don’t quite understand edge.
I had an interesting thought while trading (or trying to trade) the following sequence: And then I thought… In over 10 years of writing for YTC, I don’t recall anyone EVER sending me a chart and saying that they’re pissed off that they missed a trade… WHICH WOULD HAVE LOST. Maybe, like my initial reaction,…
Don’t Confuse Knowledge with Knowing
“You can know the name of a bird in all the languages of the world, but when you’re finished, you’ll know absolutely nothing whatever about the bird… So let’s look at the bird and see what it’s doing – that’s what counts. I learned very early the difference between knowing the name of something and knowing…
When Fighting the Trend… (Part Two)
We finished up last weeks article (which you'll find here if you missed it) with the following image… Well, my post-session review did consider this question. In fact, the answer was obvious to me even as I traded the session. I knew I was fighting an obvious uptrend from maybe the second or third trade,…