This one is for day-traders on low timeframes. Traders who make discretionary decisions. Traders who rely strongly on being able to FOCUS. Being present with the market. And fully immersed in the the price movement as it flows from bar to bar. Sounds awesome, right! Until we realise that sometimes life just doesn’t give a…
There is a reversal pattern within technical analysis called Three Pushes, or sometimes Three Drives. There are a number of variations which specify requirements for the distance that each push extends, or for the depth of each pullback. Personally I’m not too concerned with this. But do like to see the trend clearly weakening into…
Sometimes a slight change in perspective can make ALL the difference. The light bulb comes on. And what was once hidden is now blindingly obvious. It’s my hope that today’s article may well provide someone with one of these paradigm shifts, as it relates to the mindset required for trade re-entry. If you operate with…
I sent out the following social media post before the market opened on Thursday. The chart sequence was from the day before (Wednesday). But then Thursday happened. Wow! Volatility is well and truly back. So now Thursday shifts to the forefront of my plans for weekend replay. Both days if time… but otherwise Thursday is…
I want to revisit the trades we discussed in last week’s article – Trading with Multiple Forward Projections. I really like this series of trades. Because there is a lesson in trader performance that I think is worth discussing. Something that I would suggest is a sign of good trading. “Wait? What?” I can hear…
Today I want to take the concept of Project-Confirm-Trade up a level. First though, a quick review of the general concept, borrowing one of the images from that prior article. The rules I use for projection are outlined in the the YTC Price Action Trader.. See Volume 2 Section 3.3.3. And then it’s simply a…
I promise you this… Not every trade will go according to plan. Not every trading session will go according to plan. You will have to deal with a LOT of crap outcomes in this business. And your success DEPENDS upon how well you manage that crap. The market is opening… and I REALLY LIKE…
I do love a strong gap opening. So let’s begin Friday 31st July 2020 with NQ gapping higher. We’ll start with the 30 minute chart (RTH session data only so that we see the gap). Let’s drop slightly to the 15 minute chart and include some overnight data as well. So let’s prepare for the…
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…
