Trading Price Analysis / Price Action
www.yourtradingcoach.com – How I trade based on analysis of price action.
12 Responses to “Trading Price Analysis / Price Action”
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Hi Micheal,
Thanks for your comments & recommendation. Much appreciated.
Happy trading,
Lance.
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!
Thanks mavenmikan,
Glad you enjoyed the vids.
Cheers,
Lance
Great video. Thanks Lance. I almost finished watching all your videos. Everything are just awesome and equally important.
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.
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?
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
Lance, why is it that you’re not a fibonacci fan. Is that just a personal preference??
Hi DeniedHealthCare,
I’m glad you liked the video. All the best in your trading journey,
Cheers,
Lance Beggs (yourtradingcoach)
Thank you for this video. I’m trying to learn how to trade price action, and I do not use any indicators.
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.
Great Video. Thanx. Ahh. There are 28 more videos.
cheers frrobs