One of the absolute best ways I like to see price set up for a TST/BOF trade at support or resistance is when price has to move a LOOOONG way to get there. It can snap back nicely should the breakout fail. Think of a rubber band, stretched tight. And then released! We looked at…
News released on Wednesday morning an hour before the RTH open. And the reaction was to spike higher and then lower and settle back within the range. Interesting. That’s not quite what I expected, but it creates two levels worth watching. Two levels that define a clear boundary between bullish, neutral and bearish zones. And…
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…
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…
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…
I’ve shared this idea a few times now over almost a decade and a half of writing YTC articles. Surprisingly, it’s not something I’ve heard discussed by other educators. I doubt I’m the only one who thinks this way. But perhaps that is what you get when you question common advice. And you should always…
Emotion drives price. And at the market open, STRONG emotion can drive price with strength. Tuesday offered a perfect example, with a pre-market news-driven price shock resulting in a strong bearish trend day. A day which screamed out to be traded on the short side. But let’s back it up first and look at some…
