Price Bar Reversal Patterns – Intro
Price Bar Reversal Patterns – Intro
The following is an excerpt from an email response to a trader who suggested that, “Price Action Trading is a lagging indicator (albeit short lagging indicator) methodology based on one’s reading of the future price direction through market/trend analysis with active management designed to scratch trades early if the market suggests one is incorrect on…
The following is an extract from some great Q&A with one of the YourTradingCoach newsletter readers: Question: Lance, I have been watching those videos on your website and the more I watch them, the more sense they make. They are great, but as you may have guessed I have questions. Firstly, your style of…
One of the most common themes I see in emails is a tendency for traders to focus too much on the individual trade. Every day… "I can't believe this trade lost. Can you tell me what I did wrong?" Never do I get the following… "Looking at my longer term stats as they relate to…
It’s commonly stated, particularly in the currency markets, that higher timeframes trend much better than lower timeframes and are therefore much easier to trade. It's stated that lower timeframes are subject to too much "noise", with choppy, overlapping price action full of stop running and false breakouts.
Trapped traders are a simple concept you may wish to incorporate into your trading strategy, due to its potential to offer higher reliability trade setups. Part 1 of this series introduced the 3-Swing Retrace. If you missed that article, you’ll find a copy at this address: https://yourtradingcoach.com/trading-process-and-strategy/trapped-traders-part-1/ In this article, we’ll look at setups which…
The first pullback after a change of structure – you all know I absolutely LOVE these trades. Especially when the prior structure was so damn frustrating. Because that can lead to a great move in the new direction. Same concept as always! When we have a strong directional bias, watch for any price action that…