Candlestick Patterns – Hanging Man
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Traps Immediately After the Open
The open can be a time of great opportunity. But you need to be prepared. My default option is to always wait for the Trading Timeframe (TTF) to develop some structure. To wait until the initial trend is clear and obvious. But there are some times when I'll trade earlier, before the TTF settles…
Daily Market Structure & Price Action Study – 4
Week 4 of 4 while I'm away from home… From the original post: I've been writing online for over a decade now. And for that whole time I've been promoting the idea of daily study in both Market Structure and Price Action. It's a simple task that takes no more than five minutes, but…
Double Inside Bar Setup and Trigger
Here's a great email I received recently from YTC reader, Bijan: Hi Lance, I trade using YTC PAT 3min trading chart & 1min for triggers. I keep on coming across this 1min trigger over and over again (see charts below). I've never heard anyone discussing this type of trigger and wanted to get your thoughts…
Lower Timeframe Triggers into Trading Timeframe Setups
I'm a big fan of using a lower timeframe to trigger into setups identified on a higher trading timeframe. Typically that lower timeframe trigger will be based upon some kind of candlestick or micro-chart-pattern. The following was an email request I received from a trader who is developing his skills at the same concept. Mr….
Gaining Confidence in Taking the Trap Entries
Last week I shared a short article on trap entries and how they're applicable in all markets and all timeframes. It was essentially just based on the following image: This led to a comment on facebook as follows: "When you show an example like that it seems to be so easy, but to get in…
Wrong Wrong Wrong Right – 2
If there is one thing I want people to take away from all these years of writing about markets, it’s an acceptance of the fact that you do NOT have to get every trade right. New traders have this incredible need to be right. I know because I was there myself once. And because I…