Recognising Opening Drive Potential

There were three factors identified pre-session on 31st March, which alerted me to the potential for an opening drive in this session. (1) A contracting environment Firstly contracting on the higher timescale, as shown here on the daily chart. But also contracting on the smaller timescale, as shown here from an individual session perspective. If…

Failure Scenarios

I love this comment from David on last week’s article – Long is Wrong 2. The key part is highlighted. I’m actually really excited to see someone recognise the importance of watching for failure scenarios. Opportunity exists at the places where large numbers of traders get something wrong. The times and places where obvious expectations…

High Volatility – Thoughts for Developing Traders

We have been blessed with some absolutely amazing markets lately. Incredible daily ranges. Incredible opportunity. And incredible risk, if not played wisely. So while it’s tempting to use today’s article as an ego-boosting review of a couple of winning trades, that’s not really what motivates me with my YTC writing. I’m more concerned about your…

Be Water My Friend

  Last Sunday I shared this great video on YTC Facebook and YTC Twitter: It led to an email discussion with a YTC newsletter reader who accepts the value of motivation to a trader, but couldn't see the relevance of the Bruce Lee quote in the middle. The quote commences at 1:37, if you wish…

Late Session Breakout – Early Session Opportunity – Email Q&A

  Last week we examined an early-session opportunity in the Australian SPI futures market. See here if you missed the article: https://yourtradingcoach.com/trading-process-and-strategy/late-session-breakout-early-session-opportunity/ Over the weekend I received an email from a reader asking an excellent question. I thought I should share it with you all. Question: Hi Lance, You mentioned that there were 2 opportunities…