Thia is an excellant video. I have never come across with a forex teaching explaining the basics for forex trading so clearly and in simple words. Thanks a lot.
good video and easy to understand. i paid for a course on price action. the course is cluttered and hard to find a direction to follow. the course proprietor is sensitive to any percieved critiscism and very abrupt in communications. thanks again
Very good! I have been trading for years and I will recommend this VERY much to newbies! It is true not to enter a trade just because of the indicators and price action pattern. You have to look at the S&R and as well!
Thanks a lot your information is definatly one of the top on youtube!
I assume you don't like fibonacci and floor pivots. But isn't it a possible good idea to search for confluences anyway, at least of the floor pivots? since the floor pivots are less subjective then fibonacci
If both candlestick, support, floor pivots, fibonacci are all supporting a long in the range 19-20, then a buy at 19-20 would have higher chances then without confirmation of floor pivots and fibonacci?
It all comes down to personal preference. In my opinion the only way these lines can work is if enough traders follow the same lines creating the self fulfilling prophecy. Of course, in some of the larger & more liquid markets there are a lot of traders following them and they can be effective. I prefer not to use them - I get sufficient results just with S/R. If I had to use them, I'd definitely be looking for confluence with S/R.
Just personal preference. I just can't believe in the whole 'universal order' thing applying to the markets. I think fibonacci fits in the 'put enough lines on the chart and price has to turn near one of them' theory.
But on the other hand, some people make it work really well. Maybe there is something to it. It just doesn't work for me.
Your channel is pure gold! Thanks very much for all the help.
ZarniwoopUK1 7 months ago
Very educational and informative
tigpips 8 months ago
Thanks Lance, Excellent work, really appreciate it !
faisal786uk 1 year ago
Thia is an excellant video. I have never come across with a forex teaching explaining the basics for forex trading so clearly and in simple words. Thanks a lot.
Jeeth2010 1 year ago
@Jeeth2010
Thanks Jeeth2010. Glad you enjoyed the video.
All the best with your trading,
Lance.
YourTradingCoach 1 year ago
I think this is a great summary Lance keep up the good work!
123LearnToTrade 1 year ago
@123LearnToTrade
Thanks Brendan,
Glad to hear you enjoyed the vid.
All the best with your trading,
Lance.
YourTradingCoach 1 year ago
good video and easy to understand. i paid for a course on price action. the course is cluttered and hard to find a direction to follow. the course proprietor is sensitive to any percieved critiscism and very abrupt in communications. thanks again
ppjolla 1 year ago
@ppjolla
Hi ppjolla,
Thanks for your feedback. I'm glad to hear you've got value out of this video.
Yeah, unfortunately your comment about trading courses is quite common. It's difficult to find quality material.
All the best with your trading,
Lance
YourTradingCoach 1 year ago
thanks so much for the excellent videos. wish you have the great health and happines.
Phamkid82 1 year ago 2
Cheers Phamkid82,
You're more than welcome.
Happy trading,
Lance.
YourTradingCoach 1 year ago 2
This is the first guy whom i hear say that he is not a big fan of fibonacci levels and pivot points; very interesting
MasterBlasterSteele 1 year ago
Lance,
Thanks once again for your expert analysis and teaching.Very informative and well presented. Always learning something new in your vids!!!!!
(these are things that others would probably charge for!!!)
Mrbignutzful 2 years ago
Hey Mrbignutzful,
Thanks for your great feedback on this and the two 'strategy' videos. I'm glad to hear you've enjoyed them.
All the best with your trading,
Lance.
YourTradingCoach 2 years ago
Very good! I have been trading for years and I will recommend this VERY much to newbies! It is true not to enter a trade just because of the indicators and price action pattern. You have to look at the S&R and as well!
Thanks a lot your information is definatly one of the top on youtube!
michealbensin 2 years ago 4
Hi Micheal,
Thanks for your comments & recommendation. Much appreciated.
Happy trading,
Lance.
YourTradingCoach 2 years ago
Great video. Thanks Lance. I almost finished watching all your videos. Everything are just awesome and equally important.
mavenmikan 2 years ago
Thanks mavenmikan,
Glad you enjoyed the vids.
Cheers,
Lance
YourTradingCoach 2 years ago
I assume you don't like fibonacci and floor pivots. But isn't it a possible good idea to search for confluences anyway, at least of the floor pivots? since the floor pivots are less subjective then fibonacci
If both candlestick, support, floor pivots, fibonacci are all supporting a long in the range 19-20, then a buy at 19-20 would have higher chances then without confirmation of floor pivots and fibonacci?
megahoed 3 years ago
Hi megahoed,
Whatever works for you... trade it.
It all comes down to personal preference. In my opinion the only way these lines can work is if enough traders follow the same lines creating the self fulfilling prophecy. Of course, in some of the larger & more liquid markets there are a lot of traders following them and they can be effective. I prefer not to use them - I get sufficient results just with S/R. If I had to use them, I'd definitely be looking for confluence with S/R.
Lance.
YourTradingCoach 3 years ago
Lance, why is it that you're not a fibonacci fan. Is that just a personal preference??
merlinforever 3 years ago
Hi merlinforever,
Just personal preference. I just can't believe in the whole 'universal order' thing applying to the markets. I think fibonacci fits in the 'put enough lines on the chart and price has to turn near one of them' theory.
But on the other hand, some people make it work really well. Maybe there is something to it. It just doesn't work for me.
Cheers,
Lance
yourtradingcoach
YourTradingCoach 3 years ago
Thank you for this video. I'm trying to learn how to trade price action, and I do not use any indicators.
DeniedHealthCare 3 years ago
Hi DeniedHealthCare,
I'm glad you liked the video. All the best in your trading journey,
Cheers,
Lance Beggs (yourtradingcoach)
YourTradingCoach 3 years ago
Great Video. Thanx. Ahh. There are 28 more videos. :)
cheers frrobs
Frrobs 3 years ago
Hi Frrobs,
Thanks for the feedback. Glad you liked the video. Might be an idea to get a nice cold bevarage & a comfy chair before tackling the 28 other vids.
Cheers,
Lance.
YourTradingCoach 3 years ago