Trading Process and Strategy

How I Use the Daily Chart

  The majority of my pre-session higher timeframe (HTF) analysis is conducted on the 30 and 5 minute charts. Exactly as outlined in the YTC Price Action Trader, in constructing an HTF support & resistance framework. Before this though, I always have a quick glance at the daily chart. Maybe 5-10 seconds at most. Daily…

Trading Business

My Pre-Session Routine

 I operate my trading business in accordance with my Procedures Manual, which documents the procedural steps I will carry out in order to complete: My pre-session routine My during-session routine My post-session routine My contingency management procedures Let’s discuss my pre-session routine. Feel free to use whatever parts you find useful for documenting your own…

Trading Process and Strategy

CAUTION: Volatility

I know I’ve mentioned this before, but we learn from repetition, so it’s important to share this from time to time. For those of you who trade intra-day timeframes as I do, it’s essential that you’re aware of the upcoming economic news releases or other fundamental events which can move your market. Let’s look at…