Narrow-range half-day holiday sessions provide great structure from which we can trade. We discussed this idea previously. You might recall this social media example from June. Zooming into the 30 minute chart from that prior (June) example, we see how the narrow-range session provides both directional preference and setup locations. I’m not a fan of…
(1) Recognition of potential for unfavourable conditions The following post was shared by social media pre-session on Monday: Expanding a little on that image: And adding further to this potential for unfavourable conditions: In the absence of unexpected news that provides a clear directional bias, I don’t imagine many longer-term traders keen to take…
Three weeks ago we discussed a Mental Reset routine for quickly and effectively returning your mind to the present moment. (See here: Improve your Edge with a Mental Reset Ritual) Two weeks ago we continued our discussion, talking about the optimal mental and physical state I’m seeking to achieve in my own trading. (See here:…
Market open traps… I love these so much. I swear you could specialise in these, provided you had the patience to sit aside on days when they did not set up. From a YTC strategy perspective, they’re a BOF Setup trading off significant overnight structure. But there are two unique features. The first is a…
The market open demands a flexible mindset Not everyone performs well at the market open. That’s absolutely fine. Some are better standing aside till structure develops and conditions have revealed themselves. And then trading off this opening structure. It’s all good. There is plenty of trading still available. For me though, I like the market…
Let’s begin where we ended last week, with our Mental Reset routine for quickly and effectively shaking off any disappointment and returning ourselves to a state of focus. Step back from my desk. Look at my hands. Wipe and shake my hands as if removing water from them (mentally releasing and letting go of the…
My apologies to those who saw this on YTC Social Media last weekend. The fact is that this is far too important to let slide. And it will reach a FAR GREATER audience through my newsletter and blog. The following is a damn good video on developing an effective trading mindset. Play the video. And…
Let’s start with the daily chart THREE sessions ago: TWO sessions ago: And now ONE session ago: And today: Can I say… I LOVE traps in the market. All markets. All timeframes. And while I don’t trade the daily chart, the fact that the market set up like this on the daily greatly influenced my…
Let’s do a variation of the “Long is Wrong” topic which we covered in recent years. https://yourtradingcoach.com/trading-process-and-strategy/long-is-wrong/ https://yourtradingcoach.com/trading-process-and-strategy/long-is-wrong-2/ https://yourtradingcoach.com/trading-process-and-strategy/long-is-wrong-3/ https://yourtradingcoach.com/trading-process-and-strategy/long-is-wrong-4/ Here’s the concept: Today I want to flip that on it’s head. Because the reverse is true as well. And it sets up some great opportunities in the markets. And again, we’re looking for…
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…
