A trade is NOT over until the whole idea behind the trade is no longer valid.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A trade is NOT over until the whole idea behind the trade is no longer valid.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 just want to take the opportunity here to remind those on higher timeframes that almost everything I write should be thought of as largely timeframe independent. Most of the examples I provide will come from very low timeframe charts. Why? Because that’s what I trade! But while the chart images I show in newsletter…
Do you ever experience the joy that comes from watching a price sequence develop and feeling that it is just technically "beautiful"? No? Maybe it's just me. But I do really love this sequence. And I think it is a good one for those new to the YTC Price Action Trader methodology who might…
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: –…
Price Bar Reversal Patterns – The Pivot Point Reversal
Fading the edges of the market structure requires that you see the markets in a different way to the usual retail trader. Strength in price movement towards a range boundary or an S/R level is not necessarily going to continue with strength following a breakout. In the right context, this apparent strength can produce…
Unlike most Support & Resistance traders, I prefer not to automatically enter on a breakout (although I won’t absolutely rule it out, such as when price bases before the breakout to allow a good low-risk position for a stop). Instead, I watch the breakout for signs of one the following opportunities – a breakout failure…