This is without doubt one of the best ways I like to see price set up for TST/BOF reversal trades from an S/R level. We discussed this briefly in a related article – https://yourtradingcoach.com/trading-process-and-strategy/higher-quality-breakout-failure-trades/ But let’s look at an example from this week’s trading. We’ll start with a higher timeframe chart to give some context,…
Imagine if you started this exercise a year ago: You’d have an incredible database of 52 “best of” trades and 52 “worst of” trades. An incredible resource of what works and what doesn’t. And clarity as to the path you need to take to grow and develop YOUR edge in the markets. Most likely though,…
The first pullback after a change of structure – you all know I absolutely LOVE these trades. Especially when the prior structure was so damn frustrating. Because that can lead to a great move in the new direction. Same concept as always! When we have a strong directional bias, watch for any price action that…
Let’s start with some higher timeframe structure to provide a little context. The market kicks off at 09:30 and drives higher, confirming the uptrend is in play. YTC Price Action Trader principles 1 and 2 will guide our analysis and trade plan, until proven otherwise. The default option with a Sideways Trend is to seek…
