You may recall the first trade in the sequence we discussed last week. (See last week’s article if you missed it!) This one here: This led to a comment I quite like, which I think deserves a better response than I gave at the time. Great question! There are some contextual reasons why I was…
Let me cherry-pick a perfect textbook example of the concept I want to discuss today. This was the opening sequence from Monday’s NQ futures, 1 minute chart: Brilliant uptrend, right? Right? No? Ok, maybe a downtrend then? My hope is that 100% of you had resistance to the idea of this being an uptrend. I…
It’s been almost a year since we last discussed the “Long is Wrong” scenario. And throughout this time it continues to be one of my favourite market openings. Essentially a PB or BPB setup, occurring in a particular place on the charts where a WHOLE LOT of traders find themselves on the wrong side of…
We all know this scenario… And this one, which happens even more frequently… I’ve certainly experienced this a LOT. And I know many of you have as well. Because it leads to one of the most common questions I receive. “Where did I go wrong?” Where you went wrong is failure to have a plan…
Sometimes the simplest things are the best. We spoke previously about one of my favourite methods for entering into an opening drive. We wait for the first break against momentum. And then strike when we confirm it’s a trap. See here for an example: https://yourtradingcoach.com/trading-process-and-strategy/first-break-against-a-momentum-drive/ But this is even simpler… A PB or BPB Setup…
Take note of the way that price approaches an S/R level. The more that price has to stretch to reach it, the better. This is a time to FOCUS. Because if this move stalls, unable to attract sufficient buying to continue higher, it can potentially set up a very nice TST/BOF trade for reversion to…
Here’s a concept that is simple and repeatable. I shared this post on social media just before the open on Monday: And then this post on Tuesday, after the markets were kind enough to offer us a brilliant example of the concept in action: As I said at the start – it’s simple. And repeatable….
Let’s see if I can create a mindset shift in some of you, in the way that you view your trade entry decisions. This discussion comes about due to a question I received after last week’s article: Can we talk about your first trade? In the third image you said you took a small entry…
There are times and places where our focus can be more relaxed. And times and places where the market demands that we are fully engaged in the price action. The first break against a momentum drive is one of the latter. I was ready for a potential momentum drive right from the open. The YTC…
This is without doubt one of the best ways I like to see price set up for TST/BOF reversal trades from an S/R level. We discussed this briefly in a related article – https://yourtradingcoach.com/trading-process-and-strategy/higher-quality-breakout-failure-trades/ But let’s look at an example from this week’s trading. We’ll start with a higher timeframe chart to give some context,…
