Last week we looked at a session that caused me some troubles. See here if you missed it – Good Trading Isn't Just About Winning Trades. It wasn't a losing day. A "bad" day isn't necessarily a losing day. This one profited. Cycling from negative to positive and back again to negative and then…
There were two lines in last week's article, which I want to continue exploring today. Good trading isn't just about winning trades. Just as important is managing yourself during those times when you don't have a good read on the market. This business is HARD. And I tend to perhaps focus on the negatives…
The plan was simple. Catch the opening drive. And bask in the glory of a winning start to the new session! Three failures… compulsory time-out! Note that this doesn't necessarily mean three losses. The first two were small wins. The last was a small loss. I'm still in front. And now have some important…
I do very much like a large Gap Open with a strong Opening Drive. But do you know what's better than a large Gap Open with a strong Opening Drive? How about a large Gap Open with Opening Drive failure and reversal to the opposite direction! We have discussed traps at (or just before)…
The session begins… Don't chase the missed entry. But remain focused. Because sometimes, while price has still not reached the expected target area, it might offer a nice lower timeframe structure. Something that you can lean an entry against, which offers an acceptable level of risk. Something that still offers potential rewards, sufficient to…
This chart is from Thursday 19th March 2020. A couple of quick trades and then STOPPED. Done for the day. Why stop? Because today was a Hit & Run day! Trading is a performance activity. And it's our job to manage ourselves in an attempt to get as close to peak performance as possible….
There is market opportunity available when "obvious" expectations turn out to be WRONG. You've no doubt experienced this. Those times when the market provides almost certain evidence that it IS going somewhere… but then it doesn't. I can promise you – if you sense these "obvious" expectations then you're not the only one. Others…
Those who have followed YTC for a while will know that I'm a big fan of re-entry. It's a personal preference. I much prefer a tight stop and the need for occasional re-entry, over a wider stop that might give a trade a whole lot of room to prove itself. I typically allow two…
Market Open Traps are by far my favourite opening play right now. I've demonstrated these quite a bit over the last year or two. Sorry for the repetition – but they're just working so well lately. Not always for massive profits. The two shown today are definitely singles, rather than home runs. But they're…
We have been blessed with some absolutely amazing markets lately. Incredible daily ranges. Incredible opportunity. And incredible risk, if not played wisely. So while it's tempting to use today's article as an ego-boosting review of a couple of winning trades, that's not really what motivates me with my YTC writing. I'm more concerned about…
