Candlestick Patterns – Candle Addition and Development
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How Could I Have Analysed This Better?
Here's an example of someone who's coming along quite nicely with their development as a trader. The following two images are from a YTC Price Action Trader reader who sent an email, asking the following: I'm not sure if this method of thinking can be used to go against my premise in the future? What…
Overnight Range Double Break
There were three NQ sessions in the last two weeks which broke both sides of the overnight range. Let's check them out. The following are all Higher Timeframe 15 minute charts. I chose this timeframe simply because it fits on the image quite nicely. Whatever higher timeframe you use, is fine. The concept here…
TTF Narrow Range Bar Entry
Let's say we have a market with a clear bearish bias. Price then pulls back higher and reaches an area in which I'd be happy to enter a SHORT position. Two of the key things I'm looking for are: Signs that the bulls have exhausted everything they've got. Signs that the late bulls, entering…
Entering A Breakout Before The Breakout
A couple of years ago I produced a short video titled, “How I Trade Breakouts“. Have a look at it first if interested. In that video I discussed the fact that I don’t like to trade breakouts. My preference is to trade the first pullback following the breakout. That’s self-explanatory. As an alternative I also…
Where to Trigger Entry into a Pullback
Some more great email Q&A… Question: Hi Lance, Had a question on breakouts. I know you subscribe to the breakout, then wait for a pullback to get in. I was monitoring GBP/USD last night. I set an alarm for if price got up to resistance at 1.5080. It then broke thru. Sticking to my rules…
Profit from the Pain of the Other Trader
Always think about the other trader. Where have they entered? How do they feel? Where are they going to stop out of their position? Consider the traders entering short here: