Let’s take a brief look at Monday’s daily chart from the E-mini Nasdaq futures (NQ). And let’s ignore any hindsight analysis, given that you possibly already know the outcome of this price sequence. The chart and subsequent discussion occurred at this point here (as did the writing of this post): And now, a comment that…
“Knowing where the trap is – that’s the first step in evading it.“… Frank Herbert, Dune 100% true. And in trading, we can take this further. Knowing where the trap is allows you opportunity to profit as the trap is sprung. Let’s look at a recent trap provided in the E-mini Nasdaq charts. A fairly…
My planned article is on hold, hopefully scheduled for next week. Horrific developments yesterday, with Russia invading Ukraine, have led to extremes of volatility. And a desire to share a different message. One for new and developing traders. One that you may not want to hear. But one that is necessary. My desire is to…
This is a theme that has been constantly pushed at YTC since right at the beginning. Seeing the trade BEFORE price gets there. This ensures that trades are pre-considered. Pre-planned. Not emotional reactions to sudden price movement. How do we do this? Project your analysis forward. Given the current structure and the wider context, where…
From social media on Wednesday… Ok, I’m not going to argue whether it is or is not the MOST important part. Let’s just accept that it’s an important part. And that it MUST be a part of your thinking if you want to operate most effectively in the markets. There was a brief discussion following…
The Metagame: Viewing the market not just as price movement and patterns, but also as PEOPLE whose trade decisions create the price movement and patterns. Metagame Trap Entry: Recognising places on the chart where other traders are trapped in losing positions. Feeling their frustration, pain and disappointment. And using that to time our entry, at…
I’ve said many times over the years that one of the key parts of my edge is an ability to sit on the sidelines and WAIT for more favourable market conditions. Patience! If you think about it, you might expect to take tens of thousands of trades over the next few decades. So if the…
Patterns repeat – again and again and again! And in time, many of your trades will start to look similar to others. Let’s revisit a trade from a prior article – Volatility Contraction within a Sideways Range. And then another trade, just this last week. There is a real benefit to post-session reviews of the…
I want to return to an image we discussed several years ago, showing the various stages of a typical traders journey. There may be slight variations for some traders, but the reality is that for the majority of us it’s a step-by-step process of growth and development. And that brings us to today’s topic. In…
It sounds obvious, doesn’t it. Start the day with a quality trade! Ideally, every trade we make will be a quality trade. But the reality is that there are times when we are not 100% in sync with “good practice” and find ourselves at the mercy of our excitement and desire to trade. It’s our…
