One of the aims of your journaling process is to build a collection of near textbook-perfect examples of each of your trade setups. And from these, develop awareness of the factors which lead to increased odds of success. Friday, 21st June, offered an absolutely beautiful Breakout Failure setup. Let's start with a 5 minute…
What do we do here? Well there's not a lot we can do. It's missed opportunity. And yes, I know that with hindsight we can look at the lower timeframes and find ways we "could" have got in. But we're not hindsight traders! It's missed opportunity. It's gone. And our job is now to…
Let's start with the daily chart for a bit of context… I know right! When was the last time we looked at a daily chart? No need to panic. Oxygen masks have not dropped from the ceiling. And we'll only spend a short time at these heights. You know those days where you've got…
Do you ever experience the joy that comes from watching a price sequence develop and feeling that it is just technically "beautiful"? No? Maybe it's just me. But I do really love this sequence. And I think it is a good one for those new to the YTC Price Action Trader methodology who might…
