This paper develops a novel psycholinguistic parser and tests it against experimental and corpus reading data. The parser builds on the recent research into memory structures, which argues that memory retrieval is content‐addressable and cue‐based. It is shown that the theory of cue‐based memory systems can be combined with transition‐based parsing to produce a parser that, when combined with the cognitive architecture ACT‐R, can model reading and predict online behavioral measures (reading times and regressions). The parser's modeling capacities are tested (...) against self‐paced reading experimental data (Grodner & Gibson, 2005), eye‐tracking experimental data (Staub, 2011), and a self‐paced reading corpus (Futrell et al., 2018). (shrink)