The Reassess Point – 2

A trade sequence from earlier this week prompted me to revisit the Reassess Point; a concept introduced almost a year ago here – https://yourtradingcoach.com/trader/the-reassess-point/. In that article we explored a change of mindset that helps avoid the frustration associated with premature exits and missed opportunity. This is how most of us are taught the game…

Metagame Trap Entry

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…

Drive – Pause – Drive

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…

Feel the Fear!

A key feature of the YTC Price Action Trader method is timing trade entries through awareness of the emotion of “other traders”. In particular when you sense heightened levels of frustration, anxiety or even fear. Place yourself in the mindset of someone trapped in a really poor position. Feel the fear. And find opportunity at…

The Reassess Point

Some days the markets are just messy. Choppy price action which does it’s best to whip you out of a trade before it moves on without you. The best way I’ve found to manage this (apart from just standing aside) is to accept the chop and work WITH it through focusing and finding a re-entry…

Layered Levels of Support or Resistance

I love layered levels of support and resistance (multiple levels within close proximity). A primary reason is that they simplify our trade plan. There is no doubt about the direction that we’re looking for trade opportunity. Like last Monday… Keep an eye out for layered levels of support or resistance as you establish your S/R…