Wednesday’s social media post… for those who missed it: The link: Market Open Traps – 2 Here’s the “text-book” concept: The opposite applies as well. Price approaching a level of significant support, breaking lower just prior to or immediately after the open, and then smashing higher and trapping any SHORTS in a losing position. The…
I seriously love an opening momentum drive! Even when I miss the initial entry. Let’s look at the charts… I don’t get paid for disappointment or frustration. Let it go. And FOCUS. Remember… in a momentum drive, initial breaks against bias often fail. Here’s my thought process: The First Principle is in play. And there…
Do you know what is better than receiving an email from a trader excited about a huge win? When that email contains no mention at all of the profits (approx 125 points in this case). Instead the email shares excitement about the context. The structure. And the way the market set up and allowed this…
This question was different. In the decade and a half of YTC I don’t recall having had this one before… What do you consider to be your most underrated post or article? What could I have missed in my reading? Interesting! My initial response was “Give me a few days to think over this one”….
There are some levels that are clearly defined. A single price, highly visible to all market participants. The prior day’s high and low are obvious examples of this type of S/R. And then… there are others that are not so easy to define. Primarily because there are multiple levels of interest, all forming one larger…
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…
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…
