Today I want to share with you some examples of the work done by Johnny, as he learns to read and trade the charts as taught in the YTC Price Action Trader ebook series.
Chapter 17 of Volume 5 of the ebook series provides a graduated development plan.
Before you trade live you must prove success on the sim.
And before you trade on the sim, you must ensure complete understanding of the analysis and trade concepts via historical chart study.
Johnny is working through that first stage, through detailed study of prior sessions in his chosen market (YM) and timeframe (3 minute TTF, 1 minute LTF).
His work so far is of the HIGHEST STANDARD. So much so that I absolutely had to seek permission to share it.
If you're just starting out in your journey as well, whether with my strategy or with one you developed yourself, set Johnny's work as the benchmark that you try to also achieve.
Imagine doing this for 100 prior sessions, before you even hit the sim. Yes, there are completely new challenges at the hard, right hand edge of the screen. But you'll be tackling those challenges with complete confidence in knowing what it is you're looking for. And more importantly, why!
The following charts have been compressed in size in order to fit on the webpage. If you click each image it will open a larger copy in a new browser window.
You'll note that they all examine the exact same price sequence, from a number of different perspectives – (a) Trend Assessment, (b) Clues and Observations, (c) Changes in Sentiment, (d) Changes in Structure, and (e) Setup Areas.
I hope you get great value out of this. If it inspires even just one of you to improve the quality of your own learning, this will have been a massive success. Thanks Johnny!
CLUES AND OBSERVATIONS
CHANGES IN SENTIMENT
CHANGES IN STRUCTURE
LOWER TIMEFRAME CHARTS (note: there is some overlap from one chart to the next)