A trade is NOT over until the whole idea behind the trade is no longer valid.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A trade is NOT over until the whole idea behind the trade is no longer valid.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
I want to write a short followup to last week's article – First Pullback After Significant Structural Change. Email feedback during the week made it clear to me that some information which I'd assumed was obvious, was not actually obvious to all readers. And as with most assumptions, it's actually INCREDIBLY IMPORTANT. The article…
Losses are not something to fear. They provide valuable information – either your bias was wrong or your timing was out. The chart below shows the 30 min 6B chart (GBP/USD equivalent) prior to the UK session yesterday 8th July 2010.
Despite all the hype from the internet marketers who try to sell you the latest trading ‘secrets’, the fact is there are NO secrets. Identify setups which provide the potential for lower risk and/or higher probability trades. Enter and manage those trades in a consistent and disciplined manner. Minimize risk. Manage your money. Manage your…
Depth refers to the distance with which a pullback retraces the previous extension.
I want to expand upon an idea we discussed in a prior article – https://yourtradingcoach.com/trading-process-and-strategy/what-if-you-narrowed-your-focus/ That is the idea that while learning and developing as a trader, you may find greater value in narrowing your focus and specialising in just one small segment of the daily trading session. The suggestion was that rather than fight…
Price Bar Reversal Patterns – The Closing Price Reversal