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
Never let price take you somewhere your brain didn't get to five minutes earlier. Keep your awareness ahead of price with a clear idea of expectations and a plan of action for whatever eventuates. In conducting your analysis, think several candles ahead. Where is price going? How is it likely to act? Why? Will that…
Price has collapsed rapidly at the start of the new session Following the initial low, then a retest, price pulls back to offer us a 3-swing-retracement entry short (also could just as well be considered an upthrust). (Chart Info: Crude Oil, 20 Jan 2012, 1-min chart; although the concept discussed in this article applies to…
One of our aims in trading the financial markets is to make sure that we're trading in the right places on the price chart. Places which make sense when viewed from the perspective of the psychology of the market participants. Places which make sense when viewed from the perspective of the structure of the…
Here’s another great email question from a reader… Question: Hello Mr. Beggs, I am serious about trading, but I am still a newbie. What are three things that I can practice to improve my performance that can be repeated a lot and will continuously provide me feed back on my results? You currently being a…
This example comes courtesy of some email Q&A, from a reader of the YTC Price Action Trader: Email: Hi Lance, Check out this potential awesome entry before the breakout… Many greets, Image: (* Click on the image to open a larger copy in your browser) Reply:
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. 🙂