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

Kicked in the Guts

ByLance Beggs December 10, 2021December 10, 2021

I absolutely love this market open on Tuesday. Let’s look at the daily chart as at the close on Monday. The Permabears must be feeling pretty good about themselves right now! Surely this is the big crash they’ve been warning us about for years. The daily chart plays a very minor part in my trading….

Trading Process and Strategy

Metagame Entry Timing

ByLance Beggs April 19, 2019September 7, 2020

For Setup Definitions and discussion – see Vol 3, Ch 4, Pages 25-41 For those with the YTC Price Action Trader, you’ll note that the entry is exactly at the point I define as the LWP. Refer to Volume 3, Chapter 4, Pages 72-77 for discussion on the LWP concept. Happy trading, Lance Beggs…

Trading Process and Strategy

Avoiding Lower Probability Environments

ByLance Beggs February 1, 2013August 1, 2018

Late last year I released a popular series of two articles which dealt with the topic of "Winning through Losing Better". You can see them here if you missed them: Part One, Part Two. I was reminded this week of a comment from Part Two. Here's the relevant text from the article: Search for market…

Trading Process and Strategy

Losses Are Information

ByLance Beggs July 9, 2010April 22, 2014

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.

Trading Process and Strategy

Drive – Pause – Drive

ByLance Beggs September 3, 2021September 3, 2021

Sometimes the simplest things are the best. We spoke previously about one of my favourite methods for entering into an opening drive. We wait for the first break against momentum. And then strike when we confirm it’s a trap. See here for an example: https://yourtradingcoach.com/trading-process-and-strategy/first-break-against-a-momentum-drive/ But this is even simpler… A PB or BPB Setup…

Trading Process and Strategy

Every Price Interaction with Support or Resistance is Unique

ByLance Beggs October 11, 2013April 22, 2014

The following image was posted a few days ago on facebook and received more "likes" than any other YTC facebook post so far. So I thought we should examine the concept in a little more detail. (By the way… see here for YTC Facebook if you're not already following it: http://www.facebook.com/yourtradingcoach)

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