Candlestick Patterns – Candle Pattern Stages
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Test of Opening Range S/R
Recently I posted the following image to my YTC Facebook page: Let’s look at this Opening Range (OR) idea in a little more detail.
The Importance of Exit Strategy – Part 1
I was chatting to another trader this morning about exits, and thought it might be time to share my understanding of ‘the basics’ of exit strategy and exit management. It really is an area of trading that gets very little attention compared to the other end of the trade – the entry. Go into any…
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…
What is Scalping?
The charts should be pretty self-explanatory, so have a read through them and then I’ll wrap it up with some text following the last chart.
What Doesn’t Happen – Is Important Information
Trading for me is all about the metagame. My aim while looking at price action is NOT to find patterns in the traditional manner, but rather to look at that price information from the perspective of the other traders. What are they thinking? Where are they trading? What happens if they're wrong? It's orderflow…
Apparently The Hanging Man Didn’t Make Any Difference
I'd like to share a great question received this week which highlights a number of recent topics that have been discussed via the newsletter or blog – the irrelevance of individual trades, the imperfection of ALL exit strategies, plus patterns vs context and the way price movement influences other traders' decision making. Question: I stumbled…