We recently shared some post-trade reviews from Josh, who is doing exceptional work in creating a trade review journal for his longer timeframe forex trading (daily charts). See the trade reviews here if you missed them: https://www.yourtradingcoach.com/trading-business/Trade-Review-Examples/ But a trade review journal is not the only option you have. Today I'd like to share a…
My method of establishing a bias, or an expectation for the future trend direction, is done through six basic principles of price movement, as listed in my YTC Price Action Trader ebook series. This requires prior price action as it's based partly upon analysis of previous bullish and bearish price swings and trends. So what…
An excerpt from a reader email: How should one trade when the market opens? I have found that it's somewhat a guessing game which way the market will trend during the first 10 mins as it sometimes gaps down & then reverses & trends up for the rest of the day. Do you avoid the…
Last week I shared a short article on trap entries and how they're applicable in all markets and all timeframes. It was essentially just based on the following image: This led to a comment on facebook as follows: "When you show an example like that it seems to be so easy, but to get in…
I love trading in places where other traders have got it all wrong! There are many ways to see these areas. This article will focus on one method. It's certainly not my primary method but if you like it you may want to look out for these opportunities: Identify breaks of significant price levels which…
If traps aren't currently a part of your strategy, please take some time out to consider whether or not they should be!
