Trading the Edges of a Sideways Market

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 2, Chapter 3, Pages 99-102

3rd & 4th Principles of Future Trend Direction: Volume 2, Chapter 3, Pages 145, 149, 150

BOF Setup: Volume 3, Chapter 4, Pages 28-31

LTF Pattern entry: Volume 3, Chapter 4, Pages 86-93

Happy trading,

Lance Beggs

Trading Process and Strategy

Support Becomes Resistance – A Trade Example

ByLance Beggs May 7, 2010May 6, 2014

Once broken, key areas of support will often act as resistance. Vice versa for key areas of resistance, which when broken will become future support. Let’s look at an example, of support becoming resistance. The beauty of this example is that it’s a challenging one from a trade management perspective (especially for people like me…

Trading Process and Strategy

Traps at the Higher Structural Level

ByLance Beggs May 18, 2012April 29, 2014

One of the basic concepts underlying Technical Analysis, the YTC way, is that of traps. (See here and here for example. And of course here!) Usually in these articles when I've discussed traps it's been in terms of short timeframe setups or trigger entries. However the same concept applies at the higher timeframe structural level….

Trading Process and Strategy

Profit from the Pain of the Other Trader

ByLance Beggs November 12, 2010May 5, 2014

Always think about the other trader. Where have they entered? How do they feel? Where are they going to stop out of their position? Consider the traders entering short here:

Trading Process and Strategy

The Role of Luck in Trading

ByLance Beggs April 12, 2013April 23, 2014

In our article last week (read it here if you missed it) we discussed the concept of the bad beat. A bad beat occurs when you correctly identify, enter and manage a valid trade setup, but are still left with a loss or missed opportunity. The fickle hand of fate cares little for your high…

Trading Process and Strategy

Where is the Bias after a Strong Impulse Move?

ByLance Beggs September 8, 2012April 28, 2014

Excerpt from email received at YTC: Lance, I have attached a couple of 5 min charts for you to take a look at. Both charts show a strong quick move, one is 60 pips, the other 80 pips. (I trade using 60/30 min, 5 min, and 1 min charts… so 5 min is my trading…

Trading Process and Strategy

Watch Post-Breakout Behaviour – 2

ByLance Beggs January 19, 2018

This is what I like to see in a breakout… This is a prime target for a breakout failure. But I don't ever just jump in and fade the break. There is never any certainty in this game. It may well rally. Instead, I watch post-breakout behaviour and CONFIRM that there are no…

3 Comments

Ryan says:

November 21, 2018 at 6:06 am

Sir, i am not able to find good intraday stocks to trade in intraday basis, when i reach a stock just before that it already has shown its move and i also have patience issues can you suggest some measures.

Thank you

Reply
1. Lance Beggs says:
  
  November 21, 2018 at 7:42 am
  
  Ryan, this will require some Q&A back and forth. Can you email me at support@yourtradingcoach.com
  Thanks,
  Lance.
  
  Reply
2. Lance Beggs says:
  
  November 21, 2018 at 7:44 am
  
  And with a bit more detail please. It’s not possible to provide any guidance with general statements. Why have you not found stocks to trade? What approach have you been trying? Why hasn’t it worked? What else have you tried? What are you planning next, to fix the issue? etc etc etc.
  
  Reply