Don’t Break the Chain – A Simple Tool to Improve Consistency

Successful traders do a lot of work away from the charts. Over the last five years I've been asking you to join their ranks. I've asked you to create and use a Market Structure Journal – https://www.yourtradingcoach.com/products/ebooks/the-greatest-trading-book-ever.pdf For YTC Price Action Trader readers, I've expanded that to include a Motivation Journal, a Lessons Learnt Journal…

Simple Pullback or Complex Pullback? Look to Past Price Action for Clues!

The following article comes courtesy of an email I received from an equities trader (daily timeframe) who was working to improve his pullback entries within a trending environment. His challenge was that while the market was maintaining a steady state trend with no real signs of weakness or topping action, how exactly should he be…

Establishing a Bias From the Open (Part 2 of 2)

Establishing a bias intra-session is a simple process of following our 6 principles for future trend direction. It's a little more difficult at the session open though, when the lack of prior data adds to the uncertainty. Last week we worked through an example in which we established a bias from the open. Essentially it's…