A trade is NOT over until the whole idea behind the trade is no longer valid.
If you're stopped out, or if you scratch the trade, the trade is NOT over.
Remain focused!
Watch for an opportunity to re-enter.
Lance Beggs
A trade is NOT over until the whole idea behind the trade is no longer valid.
If you're stopped out, or if you scratch the trade, the trade is NOT over.
Remain focused!
Watch for an opportunity to re-enter.
Lance Beggs
In the last article I stated that support and resistance (for me) is based on previous swing highs and lows, areas of congestion, round numbers and gaps. We’ll now review these types of support and resistance, discussing how to identify them, and how they formed. In this article we’ll start with my favorite support and…
A common assumption is that a trader needs to be operating with a calm mind and relaxed body in order to trade with maximum focus and ensure peak performance. Generally, I agree with this idea. Relaxation and positive affirmations have been some of the main tools I’ve recommended when asked for assistance with mindset and…
The majority of my pre-session higher timeframe (HTF) analysis is conducted on the 30 and 5 minute charts. Exactly as outlined in the YTC Price Action Trader, in constructing an HTF support & resistance framework. Before this though, I always have a quick glance at the daily chart. Maybe 5-10 seconds at most. Daily…
When the market is stuck in a sideways trading range, the primary place to look for opportunity is at the upper and lower edges. When the market is stuck in a sideways trading range, the primary place to look for opportunity is at the upper and lower edges. Important References: Sideways Trend definition: Volume…
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…
One of the key tasks I was looking forward to this last week, having recently overcome my long-term internet outage, was in catching up with Aaron Fifield's Chat With Traders podcast. And I must say it was AWESOME to come across episode 117 with Larry Alintoff. (Yeah… I'm a long way behind!!!) The reason……