Trading Strategy Part 2
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Added: 3 years ago
From: YourTradingCoach
Views: 83,576
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  • OK....

    Let me ask you this - Can I trade easily as most You Tube videos shows?

    Maybe you can assist me in understanding it better?

    Can you Skype me? (DrewTrader)

    DrewTrader 1 week ago

  • @DrewTrader

    Hi DrewTrader, No... it's a lot more difficult than it looks via YouTube. This two video series that you've just watched is a higher conceptual level overview of how I trade. The real challenge is in learning to make effective decisions within the uncertainty at the right hand side of the screen. Email me via the contact page on my website and I'll send more info. Cheers, Lance Beggs.

    YourTradingCoach 1 week ago

  • To share is divine, and those who share begets strength. Thanks coach. Hope you remember me, i,m Sanjay.

    God bless.

    MrSanjay7777 8 months ago

  • @MrSanjay7777

    Thanks Sanjay!! :-)

    YourTradingCoach 8 months ago

  • one question: Is it really advisable to show everyone your trading strategy? Isn't it better to keep your techniques to yourself. Selflessness is great, but since it's a market where having an edge is imperative, won't letting a lot of people know your strategy be potentially dangerous? Loved the vid, btw :)

    gengarjetty 8 months ago

  • @gengarjetty

    Hi gengarjetty,

    Sharing a discretionary approach to trading makes no difference at all. Everyone will be trading it differently. And the more orderflow in my direction the better for my trades. In any case, these videos were such a high level overview that no-one would be likely trading in anything like the same way as me. Those who want more detail need to go to my website.

    Cheers,

    Lance Beggs

    YourTradingCoach

    YourTradingCoach 8 months ago

  • what coach is saying is true,this proffession is very difficult, but remember it is a mental game, wait for the obvious entries and use only the ones that worked for you.

    that is what i do, and usually the entries come around the same time.look for your market, watch the market for at least 6 months.that's what i do.

    masterpatric07 9 months ago

  • informative trading videos. Thank you very much. 

    lifehousestock 9 months ago

  • Excellent video bud

    StockTradingMaster 11 months ago

  • Thanks for all the videos! I'm learning a lot!!

    n3m3s1srulz 1 year ago

  • In reality , It 's not so easy like that !!

    dovic3107 1 year ago

  • @dovic3107

    Hi dovic3107,

    I don't recall ever saying it's easy!! But I do understand what you're saying.

    The concept is simple. I trade price action interaction with S/R and pullbacks within a trend - simple. However execution in the uncertainty of the right hand side of the charts is extremely difficult to master. It takes (in most cases) several years of deliberate practice.

    Happy trading,

    Lance

    YourTradingCoach 1 year ago

  • @YourTradingCoach

    yes , this is the basic , where we must know before trading and it 's true that price moves between resistance and support . Also , the only point which makes trading hard is the fact to determine if the support or resistance are significant

    dovic3107 1 year ago

  • Lance, would it be right if I were to trade only using either candlestick or profit bar within the market structure?

    Swissbank1 1 year ago

  • @Swissbank1

    Hi Swissbank1,

    Thanks for your vid comment. I'm not sure what you mean by profit bar, but to answer your question... no. Most people trying to trade just candlestick patterns within a simple S/R market structure will lose. There's so much more. Risk mgt, trade mgt, money mgt, trading psych issues. You need time to gain experience... It's a continual learning process - trial & error & gradual improvement. Anyone who says otherwise is lying!

    Cheers,

    Lance Beggs

    (yourtradingcoach)

    YourTradingCoach 1 year ago

  • If it was only that easy.

    cesime 2 years ago

  • @cesime

    Yeah, I never said it's easy.

    At the higher conceptual level of this video, it is this simple. All effective trading is simply pullbacks, tests of S/R or b/outs.

    However I agree 100%. There's a lot of detail not covered in this vid that makes trading extremely difficult, taking years to master. eg. pullback vs reversal, how to enter, exit etc. My website provides some guidance, but it's really a gradual learning process - trial & error, review & improve. Gotta love it!

    Cheers

    LB

    YourTradingCoach 2 years ago

  • Thank you for offering solid and workable ideas/concepts for trading success.

    Cheers, Lance.

    Mrbignutzful 2 years ago

  • Fantastic! You don't use the Fibonacci Retracement?

    Thanks

    locatelliorso 2 years ago

  • Hi locatelliorso,

    Thanks for your comments. No, I'm not a fan of fibonacci, but then a lot of traders are using it very successfully. So if you can believe in it and it give you good results, stick with it.

    Happy trading,

    Lance.

    YourTradingCoach 2 years ago

  • Thanks... Lance.. hope you will be coming out with your own home learning program trade soon, so i can purchase it. Your a great person for doing this and a great Coach.

    merlinforever 3 years ago

  • Hi merlinforever,

    Glad you liked the video. I don't have firm plans for a course at this stage - although I need to sit down in the next week and plan the website for 2009. This will likely include a course or at least some more advanced instructional videos. I'll be sure to notify everyone through the newsletter as soon as they're available.

    Cheers,

    Lance Beggs (yourtradingcoach)

    YourTradingCoach 3 years ago

  • Thank you for your video, but i have tried many systems, such as trade in the range, trade at support or resistance are not much success. i think trading the breakout is more reliable, well that's my system. thank you any way.

    x0xOne 3 years ago

  • Hi x0xOne,

    Glad you liked the video. All traders have a different appetite for risk, and see the market in their own way. Some like S/R, others prefer breakouts, and of course there are many other styles as well. Ultimately it's about finding what you're comfortable with. I'm glad you've been able to find breakouts to be reliable.

    All the best for a prosperous 2009.

    Cheers,

    Lance.

    YourTradingCoach 3 years ago

  • Thank you for your candor, and real and useful information. Most of the trading strategies here are infomercial junk. Thank you for workable trading advice. I feel fortunate to have found you today and followed everything you said with ease. Thank you.

    AM2M 3 years ago

  • Hi AM2M,

    Your welcome. I'm glad you enjoyed it. There's lots more to come too.

    Cheers,

    Lance

    YourTradingCoach

    YourTradingCoach 3 years ago

  • Hi

    When you say "based on an hourly chart" is the whole chart you see 1 hour, and then, what are each candle?

    watchmylips 3 years ago

  • Hi watchmylips,

    I first look at the hourly chart (each candle being one hour) to identify areas of major support or resistance. These areas are identified by previous turn points, areas of congestion and gaps (if your chosen market gaps).

    I then look to the 1-5 min charts (1 - 5 min candles) to identify the trend, minor support or resistance and the current pattern sentiment.

    You'll get more info in the other video - Trading Price Analysis / Price Action.

    Thanks,

    YourTradingCoach

    YourTradingCoach 3 years ago

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