For something different, let’s look at two trades sent in by a reader who is trading the YTC Price Action Trader strategy. Because there is one aspect of their email that I ABSOLUTELY LOVE. More on that later. First, the email I received on Monday… – – – email extract – – – Hi Lance,…
You may recall the first trade in the sequence we discussed last week. (See last week’s article if you missed it!) This one here: This led to a comment I quite like, which I think deserves a better response than I gave at the time. Great question! There are some contextual reasons why I was…
Trading – the Art of Managing your Imperfection within an Environment of Uncertainty! I seriously love this game. And the challenge it presents to us each and every day. Probes, tests, retests and all manner of chop in an ambiguous environment of constantly shifting pace, volatility and direction. And we enter this arena with a…
Let me cherry-pick a perfect textbook example of the concept I want to discuss today. This was the opening sequence from Monday’s NQ futures, 1 minute chart: Brilliant uptrend, right? Right? No? Ok, maybe a downtrend then? My hope is that 100% of you had resistance to the idea of this being an uptrend. I…
We have talked a LOT over recent years about the importance of reviewing trade stats in GROUPS. And using this analysis to drive our growth and development. This simple concept here: I still believe this is the best way to monitor the health of your business and to drive improvement. Small groups, occurring regularly. With…
