Trading Process and Strategy

Three Pushes into S/R

There is a reversal pattern within technical analysis called Three Pushes, or sometimes Three Drives. There are a number of variations which specify requirements for the distance that each push extends, or for the depth of each pullback. Personally I’m not too concerned with this. But do like to see the trend clearly weakening into…

Trading Process and Strategy

The Mindset Required For Re-Entry

Sometimes a slight change in perspective can make ALL the difference. The light bulb comes on. And what was once hidden is now blindingly obvious. It’s my hope that today’s article may well provide someone with one of these paradigm shifts, as it relates to the mindset required for trade re-entry. If you operate with…

Trading Process and Strategy

Inside Continuation Entry

Last week’s article led to a simple question from a reader – “I’m not familiar with the Inside Continuation pattern. Do you have a post where it’s discussed?” No blog post, sorry. So let’s create one now. The prior article was this one: Project – Confirm – Trade And the reference to the term Inside…

Trading Process and Strategy

How I Use the Daily Chart

  The majority of my pre-session higher timeframe (HTF) analysis is conducted on the 30 and 5 minute charts. Exactly as outlined in the YTC Price Action Trader, in constructing an HTF support & resistance framework. Before this though, I always have a quick glance at the daily chart. Maybe 5-10 seconds at most. Daily…