I love market opens. The time of day that typically offers the greatest pace and potential for range expansion. But let’s be honest – sometimes they suck. I have a rule – two failed attempts at something and I consider standing aside. Three failed attempts and it’s compulsory. Today I’m standing aside after two attempts….
Last week’s article led to a simple question from a reader – “I’m not familiar with the Inside Continuation pattern. Do you have a post where it’s discussed?” No blog post, sorry. So let’s create one now. The prior article was this one: Project – Confirm – Trade And the reference to the term Inside…
It’s Monday morning and the markets open with a Simple Pullback Entry LONG. BUT I DIDN’T TAKE IT. Because it didn’t set up right for me. A key principle in how I trade is keeping my awareness AHEAD of price. No trade should be taken unless I saw it coming well before the entry candle….
You Can Do Better Your understanding of market structure and orderflow can be better than it currently is. Your pre-session routine can be done better than you’re currently doing it. Your trading state (physical, mental, emotional, spiritual) can be managed better than you’re currently doing it. Your assessment of bias can be done better than…
We’ve talked for quite a few years about tracking your trading results in “groups of trades”. And using the stats from those groups to drive your growth and development. (If you need a larger copy of the original flowchart image, I believe this was the first article it appeared in.) It can be very tempting…
There was an article sent out four weeks ago (Today – Anything Can Happen) which discussed a simple mindset trick to help you separate your narrative about the world from your job of recognising and adapting to the actual market bias. While the “real world” suffers through the ongoing trauma of 2020… it can be…
The majority of my pre-session higher timeframe (HTF) analysis is conducted on the 30 and 5 minute charts. Exactly as outlined in the YTC Price Action Trader, in constructing an HTF support & resistance framework. Before this though, I always have a quick glance at the daily chart. Maybe 5-10 seconds at most. Daily…
