Trading Process and Strategy

Isn’t Buying at the Lower Low just Trying to Catch a Falling Knife?

The following image was a part of last week's newsletter article, "Real Opportunity is Found at the Edges of Market Structure". Following the publishing of that article, I received a great question via email… Question: "Isn't buying at the lower low (D) just trying to catch a falling knife? If a downtrend consists of LL’s…

Trading Process and Strategy

Real Opportunity is Found at the Edges of Market Structure

The following image was a recent post at YourTradingCoach Facebook. If you want to check the pattern out, it's 11th Dec 2013; GBPUSD; 3 min TTF; at 09:51 UTC. Today I'd like to discuss the statement within the yellow box, "Real opportunity is found at the edges of market structure, where the risk is smallest…

Trading Process and Strategy

Reviewing Key Price Action Sequences

A great way to learn to read price action is to review your historical price charts, with a focus on the price action at key structural locations. Find and review anything which fits these categories. tests of significant levels breaks of significant levels traps transitions between trends and ranges transitions from volatility contraction to expansion…

Trading Process and Strategy

Every Price Interaction with Support or Resistance is Unique

The following image was posted a few days ago on facebook and received more "likes" than any other YTC facebook post so far. So I thought we should examine the concept in a little more detail. (By the way… see here for YTC Facebook if you're not already following it: http://www.facebook.com/yourtradingcoach)