Candlestick Patterns – The Bullish Engulfing Pattern
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IF-THEN Analysis at Session Open
Continuing a theme from previous articles – here and here. Keep your focus ahead of price Never let price action take you somewhere your brain didn’t get to five minutes earlier. This is not just a concept to apply during the trading session. It also applies at session open. Start the session with some thought…
Defining the Market Environment
Have you considered how you should classify the market environment? If not, it's well worth doing so. The nature of the current market environment will determine the game plan that you bring to your trading session. There are numerous ways to classify it. Trending vs Ranging! Accumulation, Mark-Up, Distribution, Mark-Down! Trending Volatile, Trending Non-Volatile, Ranging…
Daily Market Structure & Price Action Study – 1
I've been writing online for over a decade now. And for that whole time I've been promoting the idea of daily study in both Market Structure and Price Action. It's a simple task that takes no more than five minutes, but which offers incredible value to your own learning and development. Sometimes this study…
Opening Range Chop
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…
Structure within Structure – 2
Sideways trend structure is more common than many new traders imagine. So it’s important to learn how to recognise a sideways market. (For my Sideways Trend Definition, see Page 101 (and Fig 3.44) of Chapter 3 of the YTC Price Action Trader.) And it’s important to find the way that YOU best trade this market….
Managing Part Two of your Trade
The following is some recent email Q&A regarding the management of part-two of a trade (all-in scale-out), following the exit of part-one at it’s target. EMAIL: Hi, I just started demo-trading and I’ve found out that I have absolutely no idea how to manage target two. I trade GBPUSD 30min/3min/30sec. I like the idea of…