Let's continue with the metagame concepts discussed in recent months.
And of course based upon concepts from here: YTC Price Action Trader
Here is the basic idea…
If I can't feel someone on the other side of the market getting it really wrong, there is no trade.
Here's how we do it.
Identify a potential trap
Feel the pain
Spring the trap
For those with the YTC Price Action Trader:
- Setup – See Volume 3, Chapter 4, Pages 28 to 31
- Entry trigger – See Volume 3, Chapter 4, Page 87, Figure 4.63 (third entry in the table)
If you're not achieving the results you wish to achieve, consider placing more thought towards who is on the other side of your trade.
It may be the paradigm shift you're seeking to take your trading to new levels.