I’d like to expand upon Wednesday’s social media post. And share it via the blog and newsletter to ensure this gets to a wider audience. Because it’s an important concept. One I believe critical for your trading success. Part of good trading comes from quickly identifying and avoiding those price sequences which contain potential to…
We all love highly direction markets. Especially a strong momentum drive right from the open. But not every day is so kind to offer one. Sometimes price gets stuck at the open. And if we don’t have plans to manage ourselves during this opening chop we risk hitting our session stop before the day really…
I've long been a fan of Opening Range (OR) theory and the way that it allows us to quickly and easily identify a "bigger picture" session bias. So last week we played around with that concept and explored it's application in new areas of the chart. We took the concept of OR theory and…
I highly recommend spending some time every now and then just playing with your charts. Try something new. Or see if you can apply old ideas in new ways. Just occasionally, you may find something useful. Today I'd like to share a simple tool that I've been using for the last few years, alongside…
Recently I posted the following image to my YTC Facebook page: Let’s look at this Opening Range (OR) idea in a little more detail.
An excerpt from a reader email: How should one trade when the market opens? I have found that it's somewhat a guessing game which way the market will trend during the first 10 mins as it sometimes gaps down & then reverses & trends up for the rest of the day. Do you avoid the…
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…
This article is in response to a great question from a YTC reader: How do you conduct analysis for a market that is in "No Man's Land", i.e. in an area where there are no S/R levels. I'm looking at the NQ right now and it's trading above it's recent historical levels, so there are…
Feedback from last weeks article has been superb. So I thought I’d give some more examples here this week. And I’ll use this idea as the initial concept behind a daily blog – commencing later today. 🙂 For these examples, we’ll look to a different market. This time the HSI (Hang Seng Index Futures) which…
Opening Range breakout strategies are very popular in the stock and emini-futures markets. If you’re not familiar with these Opening Range breakouts, a Google search should also bring up more information than you can probably read in a lifetime. To greatly simplify the strategy, it essentially involves identifying the high and low price from the…
