Let me cherry-pick a perfect textbook example of the concept I want to discuss today. This was the opening sequence from Monday’s NQ futures, 1 minute chart: Brilliant uptrend, right? Right? No? Ok, maybe a downtrend then? My hope is that 100% of you had resistance to the idea of this being an uptrend. I…
I love this part of a recent email conversation with a reader: “Why do you hate indicators so much? You can’t beat the simplicity of an MA crossover for holding the trend.” Haha. “Hate” is a bit severe. I honestly don’t hate them at all. I use some indicators. The YTC Scalper lower timeframe template…
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…
A question received last Monday: "Are you trading today? It's a holiday but the market is open." For future readers… Monday was 11th November 2019. Veterans Day. And yes, the economic calendar which I use also has this listed as a US holiday. But the market is definitely open all day (or at least…
There were three NQ sessions in the last two weeks which broke both sides of the overnight range. Let's check them out. The following are all Higher Timeframe 15 minute charts. I chose this timeframe simply because it fits on the image quite nicely. Whatever higher timeframe you use, is fine. The concept here…
Do you ever experience the joy that comes from watching a price sequence develop and feeling that it is just technically "beautiful"? No? Maybe it's just me. But I do really love this sequence. And I think it is a good one for those new to the YTC Price Action Trader methodology who might…
REFERENCE: Definition of a sideways trend – Vol 2, Ch 3, Pages 99-102 Not all trade setups are equal. You need to collect and review your stats to determine which setups provide your A+ MUST-NOT-MISS potential opportunity of the day. For me, the first pullback in a NEW directional trend is one of these…
When the market is stuck in a sideways trading range, the primary place to look for opportunity is at the upper and lower edges. When the market is stuck in a sideways trading range, the primary place to look for opportunity is at the upper and lower edges. Important References: Sideways Trend definition: Volume…
The YTC Price Action Trader provides clear definitions for a trend – uptrend, downtrend and sideways trend. But despite this, there will be times where price action offers something that is not so easy to read. One of these times can be immediately following a news release: It would be great if the…
The key to early recognition of potential change in structure is in observing and identifying "SOMETHING DIFFERENT". I absolutely love this example which has been building now since the beginning of the year. This does not mean that the uptrend will end. It's just a warning sign. A clue that the sentiment driving the…
