Trading Business

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…

Trading Process and Strategy

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…

Trading Process and Strategy

Trading the Edges

A term you'll hear me use occasionally is "trading the edges". What I'm referring to here is: In a sideways market with no particular bias either direction, taking trades only in the vicinity of the outer edges of the trading range; in particular when it traps a "breakout" trader. Trades may be taken long from…