(1) Recognition of potential for unfavourable conditions The following post was shared by social media pre-session on Monday: Expanding a little on that image: And adding further to this potential for unfavourable conditions: In the absence of unexpected news that provides a clear directional bias, I don’t imagine many longer-term traders keen to take…
Market open traps… I love these so much. I swear you could specialise in these, provided you had the patience to sit aside on days when they did not set up. From a YTC strategy perspective, they’re a BOF Setup trading off significant overnight structure. But there are two unique features. The first is a…
Let’s start with the daily chart THREE sessions ago: TWO sessions ago: And now ONE session ago: And today: Can I say… I LOVE traps in the market. All markets. All timeframes. And while I don’t trade the daily chart, the fact that the market set up like this on the daily greatly influenced my…
Let’s do a variation of the “Long is Wrong” topic which we covered in recent years. https://yourtradingcoach.com/trading-process-and-strategy/long-is-wrong/ https://yourtradingcoach.com/trading-process-and-strategy/long-is-wrong-2/ https://yourtradingcoach.com/trading-process-and-strategy/long-is-wrong-3/ https://yourtradingcoach.com/trading-process-and-strategy/long-is-wrong-4/ Here’s the concept: Today I want to flip that on it’s head. Because the reverse is true as well. And it sets up some great opportunities in the markets. And again, we’re looking for…
How nice is this market open… And I’ll admit it looks damn tempting. But wait! I’m not just playing price action. I’m playing the metagame. I’m viewing the market not just as price movement and patterns, but also as PEOPLE whose trade decisions create the price movement and patterns. I’m trading AGAINST those traders who…
There is great opportunity available in the markets when OBVIOUS expectations fail to be met. Sometimes you see these coming. Other times you need to find yourself on the wrong side of the market first. But if you understand this concept and can recognise it as it sets up, you can quickly reorient yourself and…
We’ve had some focus in recent weeks on traps occurring right at the market open. Market Open Traps, Market Open Traps 2, Market Open Traps 3 Today… is NOT a trap at the open. But it’s closely related. And expands upon the idea. I’ve no trades to share for this one. With visitors, my trading…
Wednesday’s social media post… for those who missed it: The link: Market Open Traps – 2 Here’s the “text-book” concept: The opposite applies as well. Price approaching a level of significant support, breaking lower just prior to or immediately after the open, and then smashing higher and trapping any SHORTS in a losing position. The…
I seriously love an opening momentum drive! Even when I miss the initial entry. Let’s look at the charts… I don’t get paid for disappointment or frustration. Let it go. And FOCUS. Remember… in a momentum drive, initial breaks against bias often fail. Here’s my thought process: The First Principle is in play. And there…
Do you know what is better than receiving an email from a trader excited about a huge win? When that email contains no mention at all of the profits (approx 125 points in this case). Instead the email shares excitement about the context. The structure. And the way the market set up and allowed this…
