Candlestick Patterns – The Bullish Engulfing Pattern
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Real Opportunity is Found at the Edges of Market Structure
The following image was a recent post at YourTradingCoach Facebook. If you want to check the pattern out, it's 11th Dec 2013; GBPUSD; 3 min TTF; at 09:51 UTC. Today I'd like to discuss the statement within the yellow box, "Real opportunity is found at the edges of market structure, where the risk is smallest…
Not Every Trade Sequence is a Winner
In response to last week’s article (Pattern Breakout Entry Before the Breakout), I received an email from Francis who was sick of seeing winning trades and said he’d love to see some that lose. Francis… these charts are for you! 🙂 This sequence occurred just a bit later in the same session.
Trading Timeframe Narrow Range Bar Entry – Part Two
Last week we discussed the Trading Timeframe (TTF) Narrow Range (NR) bar entry and looked at a trade example. See here if you missed it. You’ll want to read this first. (Link: https://yourtradingcoach.com/trading-process-and-strategy/trading-timeframe-narrow-range-bar-entry-part-one/) So now, as promised, let’s look at another trade example from later in the same session. (Again this is a difficult…
Simple Session Bias – 3 (Spot Forex)
I had no plans to continue this recent topic on use of the opening range to provide a quick and simple assessment of "bigger picture" session bias. But I had a few traders ask how it should be applied to the forex markets. You can see the two prior articles here, if you missed…
Different Breakout Entry Options
If you've been around my writing for a while you know I'm not a massive fan of breakout entries. But the thing is they can offer great potential if done right. And I know that some of my readers do take them – they tell me. Plus (and we'll keep this between you and me)…
Scaling In and Out
The following is an email I recently received from a trader of the YTC Price Action Trader method, which I think will be of interest to all traders. Bijan has demonstrated great decision making throughout. Excellent recognition of traps and great trade management from start to finish. And more importantly you'll see how he's added his…