Candlestick Patterns – Evening Star
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Let It Fail First – Then Get In
Although we trade very differently, I am quite a fan of Al Brooks first book, "Reading Price Charts Bar by Bar". One of his quotes which has stuck with me over the years is the following: Countertrend setups in strong trends almost always fail and become great With Trend setups. This quote came…
Pattern Breakout Entry Before the Breakout
Tuesday offered a beautiful pennant in the emini Russell market. But here’s the problem with patterns, as I see them.
Did You Miss the Opening Drive?
Did the market open and drive strongly in one direction, with you sitting on the sidelines unable to find a way in? Don’t stress. There is good news. Let me share some email Q&A from a reader of the YTC newsletter and YTC Price Action Trader ebook series, and then I’ll add some additional comments…
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…
Professionals Traded Here! What Were They Seeing That You Couldn’t See?
We've talked in previous articles about the fact that the best opportunity is found close to the edges of the market structure. Or another way to express the idea… "Confirmation is risk!" https://yourtradingcoach.com/trading-process-and-strategy/real-opportunity-is-found-at-the-edges-of-market-structure/ https://yourtradingcoach.com/trading-process-and-strategy/confirmation-is-risk/ https://yourtradingcoach.com/trading-process-and-strategy/confirmation-is-risk-part-2/ Typically when posting these sort of articles I get a comment or two of the following type: "You can't…
Feeling Joy When I Look at this Price Action
I absolutely love this email I received recently, from a trader who is making tremendous progress in his growth and development. It's nice and simple. Just one single line… Feeling joy when I look at this PA. And here's the attached image: (It's a large one so I've reduced the size. Click on the…