I’d like to return to the session we discussed last week. And in particular the price action which followed that discussion. Because I found conditions quite challenging. And yet I’m fairly pleased with how I performed. With one exception. Let’s check it out. Stuck! Inside my head! Having forgotten that there is a simple way…
There were two lines in last week's article, which I want to continue exploring today. Good trading isn't just about winning trades. Just as important is managing yourself during those times when you don't have a good read on the market. This business is HARD. And I tend to perhaps focus on the negatives a…
The plan was simple. Catch the opening drive. And bask in the glory of a winning start to the new session! Three failures… compulsory time-out! Note that this doesn't necessarily mean three losses. The first two were small wins. The last was a small loss. I'm still in front. And now have some important…
Let's start with a daily chart to get some "bigger picture" context… And now down to the trading timeframe… A little side note regarding the entry: While it may not be immediately obvious, this trade is a variation on the YTC Price Action Trader PB Setup. The pullback is all occurring within the one…
Let's talk about recovery from a poor start to a trading session. Like this one… So here's the plan in three stages… Whenever you step away from a chart and miss a sequence of price action, you can almost always look back at it with hindsight and see opportunity that you could have taken….
I want to share a simple process used by a reader in addressing a recurring problem in his trading. I was happy to see him use this approach, because it references a post-session technique I shared quite a few years back. And perhaps it will be useful to you as well, in ensuring compliance with…
The following is a series of 24 image posts sent out via social media, from 19th August 2019 to 11th September 2019. They're repeated here in full, for the benefit of readers of both the YTC newsletter and blog. Regards, Lance Beggs
Let’s talk a little about mindset. Or more specifically about our expectations leading into the day. Because I suspect that the way I approach the game differs quite a bit from many other traders. The market has opened… It’s all about expectations. I expect a really tough day… and embrace the suck. Source: Wiktionary This…
I sent the following post out via social media on Tuesday, prompted by some discussion with a trader who dug himself into quite a hole through doubling down on losses. This message is so important I thought I'd share it with my larger audience here in the newsletter. And also take the opportunity to expand…
I don’t care how good your analysis is. There are NEVER any certainties that a target will be hit. So let’s look at a little technique which can help your decision making during both the trade planning and trade management phases. This article idea was prompted by some great email Q&A I received recently. Let’s…
