A late pre-session breakout of key price levels… you know I love that. But there was one factor which suggested that I should be in no hurry to trade. Step back a little, define a “No Play” zone, and wait. Hindsight will show us it wasn’t necessary this time. But there are places on the…
I don’t want to push this point too much. But let’s do it just one more time. Because I think it’s important. Today’s lesson goes out to those who trade the emini futures on low timeframes. Those who read the article a fortnight ago about replaying and studying the session from 10th February, but for…
A few weeks ago I shared some ideas on how to best manage your mindset when very little goes right. This was based upon a session which started out with missed opportunity followed by a period of sideways chop. You can see the prior article here if you missed it – https://yourtradingcoach.com/trader/managing-your-mindset/ I thought we…
I sent this out on social media recently, on the 26th January. And then again in last week’s newsletter. I hope that you didn’t just skim over this. And that you found the time last weekend to review the session and study the opportunity that was available. Because… Wednesday – what a day that was!…
I had an interesting thought while trading (or trying to trade) the following sequence: And then I thought… In over 10 years of writing for YTC, I don’t recall anyone EVER sending me a chart and saying that they’re pissed off that they missed a trade… WHICH WOULD HAVE LOST. Maybe, like my initial reaction,…
A massive part of your success or failure in this business depends upon your ability to manage your mindset at those times when very little goes right. Let me repeat… A massive part of your success or failure in this business depends upon your ability to manage your mindset at those times when very little…
Sometimes the structure and price action are easy to read and easy to trade. And sometimes it’s a real challenge. But it can always be made that much harder when we impose our own ego and beliefs upon the market at a time when they just don’t align. Case in point – I hate all-time-highs….
Sideways trend structure is more common than many new traders imagine. So it’s important to learn how to recognise a sideways market. (For my Sideways Trend Definition, see Page 101 (and Fig 3.44) of Chapter 3 of the YTC Price Action Trader.) And it’s important to find the way that YOU best trade this market….
One week down. Fifty one to go. I hope you’re off to a good start. But I know there are some who already dread the outcome this year. At least two of you were chatting with me this week, following Wednesday mornings social media post. Their problems go FAR beyond what was discussed in this…
The following social media Q&A shares an incredibly important realisation by this trader. Perhaps a realisation that will also help you with your journey. And my reply: I’ve focused a LOT on the market open in my articles over the last two years. Not because it’s better. But simply because that’s where my own trading…
