For Setup Definitions and discussion – see Vol 3, Ch 4, Pages 25-41
For those with the YTC Price Action Trader, you’ll note that the entry is exactly at the point I define as the LWP. Refer to Volume 3, Chapter 4, Pages 72-77 for discussion on the LWP concept.
Happy trading,
Lance Beggs
One thing I love to do over the Christmas & New Year break is to schedule a couple of days for Market Replay learning. Last Sunday & Monday were scheduled for my replay sessions. The ability to speed up the market data in-between key decision making areas means that I can squeeze in half…
One of the essential breakthroughs we need to make in our journey involves learning to think in probabilities. It's something that all traders say they understand. But, for most new traders, their behaviour and decision-making shows that it has not been accepted. This came to mind when I received the following email question: –…
I don’t want to push this point too much. But let’s do it just one more time. Because I think it’s important. Today’s lesson goes out to those who trade the emini futures on low timeframes. Those who read the article a fortnight ago about replaying and studying the session from 10th February, but for…
The best entries lean against some recent structure which limits movement against the position and provides a logical place for the stop. Unfortunately though, the market cares little for what we want to see in an entry. So how do we get in when there is no recent structure and we're trying to time…
Every session contains learning opportunity! In fact… multiple learning opportunities. Review EVERY one of your trading sessions. And find something! Whether it's in something you did poorly, something you did really well, or perhaps even something you missed entirely. There's a lesson. Find it! Whether it's a new insight. Or reinforcement of the basics. There's…
Last week I shared what is quite possibly my favourite market open play – https://yourtradingcoach.com/trading-process-and-strategy/long-is-wrong/ It can occur as either a PB or BPB setup, providing opportunity as market participants are trapped and stopped out of an early session long. Incredibly simple in concept. But very effective. Please review the prior article if you missed…
Thanks for the article, Lance. I look forward to them every week.
Enjoy the Easter weekend!
You’re welcome Alan. I’m glad you find the articles useful.
Have a great weekend,
Lance.
I appreciate the article Lance, thank you.
You’re welcome Marcus. Thanks for the feedback. 🙂