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…
Let's start by viewing the market right as it opens: Readers of the YTC Price Action Trader have several principles they use for projecting the upcoming price swings and identifying areas of potential trade opportunity. BUT WAIT! There is something else that should be jumping out at you as relevant as well. Something that…
I do very much like a large Gap Open with a strong Opening Drive. But do you know what's better than a large Gap Open with a strong Opening Drive? How about a large Gap Open with Opening Drive failure and reversal to the opposite direction! We have discussed traps at (or just before)…
Market Open Traps are by far my favourite opening play right now. I've demonstrated these quite a bit over the last year or two. Sorry for the repetition – but they're just working so well lately. Not always for massive profits. The two shown today are definitely singles, rather than home runs. But they're…
Let's start with a daily chart to get some "bigger picture" context… And now down to the trading timeframe… A little side note regarding the entry: While it may not be immediately obvious, this trade is a variation on the YTC Price Action Trader PB Setup. The pullback is all occurring within the one…
Happy trading, Lance Beggs
Last Friday at 9:28am, just two minutes before the Regular Trading Hours (RTH) Open, the market suddenly jumped. That's right – it's a trap RIGHT BEFORE the regular session open. See here if you missed the prior articles: https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open/ https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open-2/ https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open-3/ https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open-4/ Here is the general idea, in both bullish and bearish form:…
I've been discussing this idea for quite a while now. The idea that there is GREAT VALUE in studying your charts post-session to identify the price sequences which offered the best trading conditions. And then… the structural features which might help you identify similar trading conditions next time they occur. Just last week in…
Traps immediately before the open… we've discussed them a number of times over the last year. Here are some of the previous discussions, if you missed them: https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open/ https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open-2/ https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open-3/ And you'll probably find a few more examples if you scroll back through the social media feeds. The thing is though – the…
I'm displaying charts without any trade markers here, so that you can focus on the price action without any distraction. Because there is a very important fact that not everyone gets. And rarely is it displayed in such a simple and obvious manner, as it is with the two charts we'll discuss today. That…
