Previous articles (if you missed them):
It's a Process – 3 – Longer Timeframes
Happy Trading,
Lance Beggs
Similar Posts
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…
Traps Just Before RTH Open – 5
Last Friday at 9:28am, just two minutes before the Regular Trading Hours (RTH) Open, the market suddenly jumped. That's right – it's a trap RIGHT BEFORE the regular session open. See here if you missed the prior articles: https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open/ https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open-2/ https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open-3/ https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open-4/ Here is the general idea, in both bullish and bearish form:…
When Fighting the Trend
(Continuing our occasional theme of "We all learn more when Lance screws up!" 🙂 There are two important considerations when trading against a clear trend… Are my entries in a wholesale price region? Is my trade management defensive? These two considerations should be in the forefront of your mind, if you wish to preserve…
Clues to a Quiet Trading Session
Some days the market offers complete rubbish. Monday was one of those days. So far we mentioned the following price action clues which helped form my decision to stand aside and watch and wait for better conditions. Overlapping price bars with little directional conviction Plus narrow range price swings Both combining to form…
Order Entry Error – Immediate Actions & Working an Exit
I thought it would be good to expand upon some of the ideas discussed on YTC social media last weekend. Here are the three social media posts first… 26th March: 27th March: 28th March: There are two main points that I'd like to examine in a little more detail. Immediate Actions Working an Exit…
Market Structure and Price Action Study
"Fortune favors the prepared mind." … Louis Pasteur In a recent article I discussed the importance of regular study of market structure and price action. See here if you missed it – https://yourtradingcoach.com/trading-business/a-simple-step-to-becoming-a-better-trader/ After every trading session, find something you can learn from. Perhaps a market structure feature. Perhaps an interesting sequence of…
Even tho you have gone thru the process numerious times, I found this article to be very helpful and enlightening. The way you broke down the market and price action was excellant but the summarization of the process with graphics is very clear. I learn best through pictures and this really hit the nail.
Thank you for your awesome work and time.
Thanks Kevin, much appreciated. I’m glad you’ve enjoyed the article. This visual format seems very popular. I’ll be sure to do a few more in future.
Dear Lance,
First of all, kindly let me thank you very much for the “It’s a process” articles which are extremely useful and applicable like your other articles. And then let me say that teachers like you who face the traders with the clear realities of market and teach them the best possible method, are generous and blessed people which make the lives happy and bright.
Thank you and long live dear Lance.
Mehdi
Thanks Mehdi! 🙂 I’m glad you’ve enjoyed the article. You’ve made my day!
How to define a wholesale entry,
Because there are lot of options of price to buy after pull back,so
Which price is wholesale how to define that..
Hi Deeraj,
The method I use to define wholesale vs retail entry zones is in the course: https://yourtradingcoach.com/course/ytcpriceactiontrader/
Thanks,
Lance