I received an email last week from a student of the YTC Price Action Trader, which I ABSOLUTELY LOVE.
Actually, I receive a lot of email which I absolutely love. But sometimes they just stand out immediately as something really special.
It was a simple email, containing just one image (shown below).
And the only text was in the subject line: Thank You
Yeah, that made my day! 🙂
Let's look at the trade, using this 1 minute timeframe as the Trading Timeframe (noting that this is more a YTC Scalper timeframe than YTC Price Action Trader). If you use a higher timeframe, that's fine. Don't discount the lesson. Look to the ideas and concepts and apply them to your own trading timeframe.
What I love is the simple fact that to most newbies, or most traders of simple text-book style technical analysis, there is no obvious reason to short.
Let's look at how I see this price movement.
What immediately excited me was WHEN this trade occurred. So we'll start with that.