Trading Process and Strategy

210 Ticks in 5 Minutes: Could You Have Caught This Move?

A YTC reader Ryan asked if I could discuss a 210 tick move in Crude Oil that occurred at 11:25am ET on Thursday, March 15th 2012. Would you mind detailing the entry opportunity on that 11:25am short provided there was an opportunity? Thanks! This is the price move… (Note: the date/time difference is simply due…

Trading Process and Strategy

Impulse Against Your Trade: Should You Hold or Scratch?

Here’s some great Q&A with a YTC reader: Question: Hi Lance, I wanted to ask what do you do in a situation where price retraces just enough to scare you. I mean let’s suppose we just trade with one contract to make things more interesting. We consider setups that offer a 2:1 as R:R. You…

Trading Process and Strategy

How Quickly Can You Identify the Current Market Environment?

Here's a documentation & learning tip which can really add significant value to your trading knowledge, and in time to your level of skill and confidence. Create and maintain a knowledge base documenting everything you know about every aspect of market environment: How to recognise the environment / the features of the environment. The nature…