Candlestick Patterns – Dark Cloud Cover
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Wrong Wrong Wrong Right – 2
If there is one thing I want people to take away from all these years of writing about markets, it’s an acceptance of the fact that you do NOT have to get every trade right. New traders have this incredible need to be right. I know because I was there myself once. And because I…
Keep the Opening Plan Simple
Common complaints about the market open: It’s too fast! It’s too volatile! There is too much uncertainty! I get it. And perhaps these traders are best just standing aside. Allowing some structure to develop and THEN trading. But here’s what I think. They’re missing an important point. YOU can create SIMPLICITY within that uncertainty by…
Don’t Confuse Knowledge with Knowing
“You can know the name of a bird in all the languages of the world, but when you’re finished, you’ll know absolutely nothing whatever about the bird… So let’s look at the bird and see what it’s doing – that’s what counts. I learned very early the difference between knowing the name of something and knowing…
Session Open Breakout Pullback
In some sessions, the trade of the day is right there within minutes of the session open.
Traps Just Before RTH Open – 4
Traps immediately before the open… we've discussed them a number of times over the last year. Here are some of the previous discussions, if you missed them: https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open/ https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open-2/ https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open-3/ And you'll probably find a few more examples if you scroll back through the social media feeds. The thing is though – the…
Trade Review Examples
The following trade review examples have been taken (with permission) from some email conversations with Josh, a trader of the YTC Price Action Trader methodology. He's still in the early stages of his development, developing confidence in his strategy and processes through historical chart review. He's doing this using ForexTester software which allows for trading…