Candlestick Patterns – Hanging Man
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Price Analysis – A Top-Down Approach
In previous articles I mentioned that my analysis involves monitoring price action, in order to gain an insight into the short term sentiment of the market. Determining who is in control at that time – the bulls or the bears. And assessing how they’re likely to respond to changes in the market. I thought today…
It’s All About Real-Time Contextual Decision Making
You've learnt the pattern or setup. Great. But that's not trading. Now work on the real-time contextual decision making around that pattern or setup. Look beyond the pattern itself to the wider context. Where is the pattern occurring within the larger timeframe market structure? What structure will suggest avoiding this particular setup? What structure…
Sideways Trend into the Open
On Monday, prior to the market open, I shared the following YTC article via social media – https://yourtradingcoach.com/trading-process-and-strategy/patience-at-the-open/ The title of the article is "Patience at the Open". And that pretty much sums up my intent in sending out that link. Simply trying to slow down the excitement and stop you jumping into the…
More… Anticipating Traps
In last week's newsletter we looked at a more enlightened way to use TA – anticipating and exploiting traps within the marketplace. Here's the link if you missed it: https://yourtradingcoach.com/trading-process-and-strategy/the-three-steps-from-ta-amateur-to-ta-professional/ Today, let's look at another example of the concept discussed in this earlier article.
Using Pre-Session Data to Confirm Levels
The following text and image were shared recently through both the YTC facebook and twitter pages. My first action on Monday mornings upon opening my charting platform… Actually, it's one of the first things I do every day. This is the key part we're discussing today: Let's stick with the same timeframe but…