Candlestick Patterns – Morning Star
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Breaks Against Bias – Their Failure is My Success
We've previously discussed the idea of fading breaks which occur against the market bias. Often they're a trap! If we can anticipate that trap then we can position ourselves for a successful trade by entering at or before the point of their failure. See here if you missed the prior articles on this concept:…
Is this Market Bullish or Bearish?
For all those times I'm asked by email, "Why were you selling today when the market is bullish?" or "Why were you buying today when the market is bearish?" So when someone says that a market is bullish… or that a market is bearish… that actually means nothing without some idea of time scale….
The Market Rhymes (AKA Don’t Screw Up the Second Opportunity)
Monday… let’s start with some higher timeframe action… Error 1: I was blinded by one of my favourite pre-session signals; a trap right before the open. And an expectation that this trap would spring completely and help to drive price higher. Error 2: I failed to consider the alternative – “What if I’m wrong? What…
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…
Confirmation is Risk! (Part 1)
(Note: Not for beginners! This takes a bit more skill and experience. File it away for now… or practice on the sim… if you're not ready for this.) We looked at this idea previously, that confirmation is risk: https://yourtradingcoach.com/trading-process-and-strategy/real-opportunity-is-found-at-the-edges-of-market-structure/ However, it's been well over a year since that article so I thought it a…
It’s All About Real-Time Contextual Decision Making
You've learnt the pattern or setup. Great. But that's not trading. Now work on the real-time contextual decision making around that pattern or setup. Look beyond the pattern itself to the wider context. Where is the pattern occurring within the larger timeframe market structure? What structure will suggest avoiding this particular setup? What structure…