Candlestick Patterns – Shooting Star
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Market Manipulation? Or just Human Nature?
Extract from email received at YTC: Hi Lance, I know you are not a big fan of manipulation and conspiracy theories…I think you told me that once..;) Just follow this for fun…it's the current EUR/USD 1hr chart… Note: The price action off to the left of the image was trending down to this area of…
When the Pullback moves TOO DEEP TOO FAST
Let's look at a trade from Tuesday which was quite challenging to take. One in which the pullback moves too deep… and WAY TOO FAST. One which triggers the question in your mind – "Is this a pullback or is it the start of a complete reversal?" Every trader is familiar with this feeling!…
Winning Through Losing Better (1 of 2)
I was asked during the week by a reader (MB) why I don't show more losing trades in my newsletter articles. This is a great question. The reasons are of course less than perfect – all typically ego related – so I won't go there. 🙁 However MB has a good point. There is great…
This is the REAL Challenge of Trading
Price has collapsed rapidly at the start of the new session Following the initial low, then a retest, price pulls back to offer us a 3-swing-retracement entry short (also could just as well be considered an upthrust). (Chart Info: Crude Oil, 20 Jan 2012, 1-min chart; although the concept discussed in this article applies to…
Consistent, High-Quality Repetition of Process (3 of 4)
The recent "It's a Process" visual articles have been very popular. https://yourtradingcoach.com/trading-process-and-strategy/its-a-process/ https://yourtradingcoach.com/trading-process-and-strategy/its-a-process-2/ So I thought I'd do a different one with a focus on a longer timeframe. Please note… I don't trade this timeframe. I trade lower timeframes for personality and lifestyle reasons. But there is no "best" timeframe. I know that…
Trade Entry Triggers – Micro-Trendline Breaks
My preference for triggering entry is via a lower timeframe pattern breakout, such as shown in many examples throughout the YTC blog archives. For examples you might want to refer to the free ebook, “The LOST Files – 150 Lost YTC Blog Posts” for the following posts: Chart Patterns at the Micro Level The Fractal…