Sideways trend structure is more common than many new traders imagine. So it’s important to learn how to recognise a sideways market. (For my Sideways Trend Definition, see Page 101 (and Fig 3.44) of Chapter 3 of the YTC Price Action Trader.) And it’s important to find the way that YOU best trade this market….
The following social media Q&A shares an incredibly important realisation by this trader. Perhaps a realisation that will also help you with your journey. And my reply: I’ve focused a LOT on the market open in my articles over the last two years. Not because it’s better. But simply because that’s where my own trading…
Let’s talk about Market Structure and Price Action study, commencing with a question I received on Thursday – Do you still do daily study of market structure? And my response, sent out via social media: A followup comment from the original questioner… “I’ve tried this in the past but not been able to stick with…
I thought I’d finished the “Long is Wrong” articles for now. But then I received an email from a reader of the YTC Newsletter that I absolutely LOVED. And I thought that maybe “Long is Wrong – 3” would be a good way to share some of that love! If you missed the prior articles,…
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…
Last week I shared what is quite possibly my favourite market open play – https://yourtradingcoach.com/trading-process-and-strategy/long-is-wrong/ It can occur as either a PB or BPB setup, providing opportunity as market participants are trapped and stopped out of an early session long. Incredibly simple in concept. But very effective. Please review the prior article if you missed…
If you’re new to my newsletter, you could be forgiven for thinking that all I trade is an NQ opening range drive. I think in recent times we’ve covered that more than any other opening setup. Like here – https://yourtradingcoach.com/trading-process-and-strategy/pre-session-emotion-and-an-opening-drive/ Essentially it’s the first YTC Price Action Trader PB Setup following expansion from the open,…
I love the pre-session action from NQ on Tuesday… Dropping now to the 15 minute chart and viewing the action leading up to Tuesday’s open: I must admit – I do like traps in the market structure. I sent out the following post via social media, prior to the open on Tuesday. Because there was…
Just three weeks ago we discussed The Mindset Required for Re-Entry. And the fact that a trade should NOT be considered over when your exit order is filled. You need to reassess the situation. Because sometimes you can see more clearly as you sit on the sidelines with no risk exposure. And sometimes… the move…
I do love a strong gap opening. So let’s begin Friday 31st July 2020 with NQ gapping higher. We’ll start with the 30 minute chart (RTH session data only so that we see the gap). Let’s drop slightly to the 15 minute chart and include some overnight data as well. So let’s prepare for the…
