Candlestick Patterns – Shooting Star
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A Common Indicator Mistake
I love it when I read forum entries from people suggesting trading strategies along the lines of: Enter long when the RSI(14) is above 50, the stochastic (14,5,3) has crossed positive, and the Williams %R(14) is rising from the oversold area Enter short when the RSI(14) is below 50, the stochastic (14,5,3) has crossed negative,…
Reviewing a 50 Tick Winner
I love getting feedback from people experiencing success with the YTC Price Action Trader method. This one was awesome; from YTC reader Nathan: Last night was a little tough but still positive…. but tonight I have just got a 50 ticker!! It’s been a little goal of mine for a while.. These 30m S/R…
Confidence in the Trend
I've been discussing this idea for quite a while now. The idea that there is GREAT VALUE in studying your charts post-session to identify the price sequences which offered the best trading conditions. And then… the structural features which might help you identify similar trading conditions next time they occur. Just last week in…
Volume Analysis – The YTC Way
I’ll be the first to admit that there is MUCH room for growth in my own development as a trader… in terms of knowledge, skill and attitude. In fact, I recognise that it’ll be a life-long journey. One area that has a lot of scope for development is my use of volume analysis. If you’ve…
Focus on Catching These Trades First
There are some trade ideas you look at with hindsight which are quite complex and which may have been difficult to execute. And there are others which jump out at you as being really simple. If you're not yet profitable, then focus on the SIMPLE trade ideas. Identify them. Study them. Learn from them….
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…