I’ve shared this idea a few times now over almost a decade and a half of writing YTC articles. Surprisingly, it’s not something I’ve heard discussed by other educators. I doubt I’m the only one who thinks this way. But perhaps that is what you get when you question common advice. And you should always…
Here’s a simple rule-of-thumb which I’ve found very effective over the years… If price fails to do something twice, always consider the opposite. “Something” refers an attempt at a significant move. A break of a key level, for example. Or a break of structure. Or, in this case, an attempt to push lower following a…
Context, setup and execution. A good trade will have considered all three areas before entry. And a good trade will have elements of all three playing their part in the outcome. The best read on market context will be worthless if you’re choosing the wrong setup for that environment (eg. constantly fighting a strong trend)….
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…
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…
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…
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…
The first pullback after a change of structure – you all know I absolutely LOVE these trades. Especially when the prior structure was so damn frustrating. Because that can lead to a great move in the new direction. Same concept as always! When we have a strong directional bias, watch for any price action that…
