Candlestick Patterns – Candlestick Design
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Establishing a Bias From the Open (Part 1 of 2)
My method of establishing a bias, or an expectation for the future trend direction, is done through six basic principles of price movement, as listed in my YTC Price Action Trader ebook series. This requires prior price action as it's based partly upon analysis of previous bullish and bearish price swings and trends. So what…
Higher Timeframe Pattern Breakout – 2
Last week we looked at the following chart sequence showing an obvious symmetrical triangle pattern within my higher timeframe chart. See here if you missed the recent article – https://yourtradingcoach.com/trading-process-and-strategy/higher-timeframe-pattern-breakout/ I don't know if I was somehow influenced by that article. I don't usually look for patterns on the higher timeframe chart. It's primary…
Trading Failed Expectations
The following YTC Social Media post was just about a perfect example of the concept of trading failed expectations. I received a question on the facebook post about trade entry. So let's look at the trade I took in this area – a test of Low-of-Day support. Noting of course that there is one…
Proving Your Edge in Re-entry!
Those who have followed YTC for a while will know that I'm a big fan of re-entry. It's a personal preference. I much prefer a tight stop and the need for occasional re-entry, over a wider stop that might give a trade a whole lot of room to prove itself. I typically allow two…
Market Open Traps
Market Open Traps are by far my favourite opening play right now. I've demonstrated these quite a bit over the last year or two. Sorry for the repetition – but they're just working so well lately. Not always for massive profits. The two shown today are definitely singles, rather than home runs. But they're…
Traps Just Before RTH Open – 2
A few months ago we examined the concept of traps occurring in the price action just before, or immediately after, the RTH Open (RTH = Regular Trading Hours). I'll place links to the prior articles at the bottom of this one, if you want to review them. Today, let's look at another example of…