Candlestick Patterns – Candle Addition and Development
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The YTC Price Action Trader provides clear definitions for a trend – uptrend, downtrend and sideways trend. But despite this, there will be times where price action offers something that is not so easy to read. One of these times can be immediately following a news release: It would be great if the…
Open in the Vicinity of Prior Day’s Low Support
Last Friday we looked at a couple of examples of Market Structure journal entries, one of which involved a weak emini Dow open in the vicinity of the prior day’s low. Let’s quickly review this example, and the lesson it offered. If you want to review the whole sequence you can see it here:…
Reversal Pattern within an Opening Drive
Let’s start with the daily chart at the time of market open. Because it shows structure that has me VERY interested in trading to the LONG side. Let’s drop to the 1 minute trading timeframe chart, just three minutes after the open. Happy trading, Lance Beggs
I’m Trading What I See, Not What I Think! So Why Am I Still Anxious?
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Retesting the Point of Structural Change
I posted the following on social media a few weeks ago… The first pullback after a strong and decisive break from an obvious structural pattern, should be considered a MUST-TRADE scenario. There was a comment made to the post which I absolutely love. I've copied it here: Now, I don't advocate trading just…
Self-deception – According to Kierkegaard – Part 1
I came across a great quote during the week, which has led to an unplanned continuation of our recent theme on self-deception. Original articles: https://yourtradingcoach.com/trading-process-and-strategy/a-new-market-model-the-market-is-a-self-deception-mechanism-part-1-of-2/ https://yourtradingcoach.com/trading-process-and-strategy/a-new-market-model-the-market-as-a-self-deception-mechanism-part-2-of-2/ The quote: “There are two ways to be fooled: One is to believe what isn’t so; the other is to refuse to believe what is so.” …Søren Kierkegaard There…