I’m certain there are not many “jobs” at all where people look forward to Mondays. Trading is the only one that I’ve found. Even more so when I’ve been away from the markets for a while. So this was my social media post sent out pre-session on Monday. A little reminder to slow down and…
I’ve shared this idea a few times now over almost a decade and a half of writing YTC articles. Surprisingly, it’s not something I’ve heard discussed by other educators. I doubt I’m the only one who thinks this way. But perhaps that is what you get when you question common advice. And you should always…
Emotion drives price. And at the market open, STRONG emotion can drive price with strength. Tuesday offered a perfect example, with a pre-market news-driven price shock resulting in a strong bearish trend day. A day which screamed out to be traded on the short side. But let’s back it up first and look at some…
I was thrilled to receive an email on Tuesday from a trader who has taken this recent YTC concept and achieved a new “first”. His first ever 100 point runner. Actually… it looks like closer to 110 but who’s counting! From the email: Hi Lance I don’t know if you remember me from earlier this…
Ok, maybe not quite a complete strategy. More of a good foundation from which one can be built. Let’s revisit the exercise discussed last week in Trader Performance Drills – Part Three. This was of course not meant to be traded. It’s a drill. An exercise used to improve skill in quick market analysis. In…
I just want to share a quick followup to a comment made a fortnight ago, in the article: When Price Stretches to Reach the Level. So let’s see the outcome. Note the first leg down with two overnight gaps. Interestingly, the second gap has still not completely filled. And note the second leg providing…
