Keep it simple, traders. A month ago we discussed trading off news reaction highs and lows. You can find that article here if you missed it – https://yourtradingcoach.com/trading-process-and-strategy/trading-off-news-reaction-highs-and-lows/ This was the structure at the time… So I’m hoping that you took the lesson from that article and studied a few more examples from your…
News released on Wednesday morning an hour before the RTH open. And the reaction was to spike higher and then lower and settle back within the range. Interesting. That’s not quite what I expected, but it creates two levels worth watching. Two levels that define a clear boundary between bullish, neutral and bearish zones. And…
Here’s a simple rule-of-thumb which I’ve found very effective over the years… If price fails to do something twice, always consider the opposite. “Something” refers an attempt at a significant move. A break of a key level, for example. Or a break of structure. Or, in this case, an attempt to push lower following a…
I’m always fascinated by the decision making of “other traders”. In particular those who trade in places where I suspect they’ve possibly got it very wrong. Like here… It’s a simple model for decision making, which I find particularly useful. As you watch price you will sometimes find yourself thinking… “WTF! Really! Who would buy…
We’re all familiar with the charts produced by news events that cause a sudden and massive expansion in volatility, as shown below in this example from my blog archives. (If you’re interested in the blog post associated with this chart, and an examination of the retest of support, you’ll find it in the free YTC…
