The Hidden Secret of Technical Analysis
http://www.YourTradingCoach.com – Discover a whole ‘other world’ of technical analysis, where novice traders fear to go.
25 Responses to “The Hidden Secret of Technical Analysis”
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Hey orionmachine,
Thanks for your great feedback. Much appreciated.
All the best with your trading,
Lance.
Excellent video Lance, I too am trying to help others see the truth about price action and stop relying on the indicators… You spotlighted some excellent situations for traders to think about, great job!
thanks
(… continued (I hate these small character reply boxes…:-) )
The term ‘novice’ in many of my videos may be confusing the issue – it relates to anyone who doesn’t understand this game and is consistently buying late or selling late – this applies to some institutions (cause haven’t they done well lately!!!) as well as individuals, regardless of size and analysis style (fundamental, statistical or technical).
Cheers,
Lance.
Hi inflxshn,
Thanks for your comments. ‘Speculate on the psychology’ is the key. Remember that whether trading against a retail trader or institutional traders, all the game really involves is being able to buy before others buy and sell before others sell. Identify areas which will invoke other traders fear or greed, and you’ve got yourself and edge.
(continued…)
Great video though, it helped clarify for me what I was missing and not understanding. Thanks, at least now I have areas to look at and find out more about. You heard of Tony Plummer’s stuff?
I appreciate there are traders with less money, but since over 80 percent of the money moving the market is either institutional orders or commercial banks, there’s hardly room for smaller money to make a difference. The ‘novice’ traders are usually smaller banks, hedge funds and large speculators. Retail traders should not be confused with ‘novice.
I’ve been evaluating this aspect of the market for some time now; the context of the move. Problem is without any valid information there is little I can do other than speculate on the psychology. I don’t have any friends in central banks. One point I do have problems with however is the idea of ‘novice’ traders.
Hi jj3623211,
Awesome. Thanks. Glad you enjoyed the video.
Happy trading,
Lance.
It is really resourceful and insightful, the best FREE training course I could find so far! Great thanks!!!
Great explanation…tx
Hey Lance. I’ve subscribed to yer siteletter and diggin into the articles, Once again, thanks.
Alex
Hi PokerJoker,
Thanks for the feedback. I’m glad you got value out of the vid.
Happy trading,
Lance.
YTC, very well explained. Had read some on price action, but never this clear. Thanks very much.
I’ll give it some more study
Thanx for your hints. Sam Seiden is my man. He has given me some important information.
Thanx again.
Frrobs
Unfortunately there’s not much out there. Toni Hansen has some good material on momentum – see my website resources page – Apart from that it really comes from experience. Just watch price – you can’t buy experience through a book or course.
That being said, my main influences re price action – Mike Reed & Sam Seiden. Also read anything that talks about the nature of price movement as a function of changes in supply and demand.
Cheers,
Lance.
Hi Lance,
I’m very interested in this stuff. Do you have some sources (books/websites etc:) where I can get some more information about momentum and volatility regarding price action?
Thanx,
Frrobs
Hey frrobs,
Momentum and volatility aren’t indicators. I’m looking at the nature of movement of the underlying price action. Watch for how it changes around areas of spt/res, for clues as to the most probable future action.
(Too much to show via one YouTube video)
Cheers,
Lance.
Hi lance,
So, how do you use the momentum and the volatility?
I didn’t look at these indicators before. Thanx for showing me.
cheers frrobs
use the trendline..
Cool. Thanks.
Better you found it now than in another years salary!! I’m glad you’ve discovered the secret of ’simplicity’.
Happy trading,
Lance
YourTradingCoach
Tell your HONEY that I love you. Thank you for telling traders the unadulterated truth. Price action is price action, and it along with patience and some good trading rules are the keys to success in forex. I am a much better trader today, due to going completely bust listening to all of the noise out there and trying to learn everything about everything. I love your advice because it follows the KISS principle- keep it simple sexy. Happy trading. If only I’d found you a year’s salary ago
Cool. Glad you liked it,
Happy trading,
Lance
YourTradingCoach
your the man..this is great stuff
Its interesting to find out how market psychology forms the price action. Looking forward to the follow ups.
Cheers Lance