Candlestick Patterns – Doji
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Structural Entries Allow For Imperfection
If a trade is scratched or stopped out and the premise remains valid, you should consider re-entry. Of course, that’s easier said than done. You’ve just taken a loss. It’s hard to get back in and risk further funds. But here’s the thing… Given the uncertainty of price movement, it’s unreasonable to expect that you’ll…
Watching the Trade Continue Without Me
Just three weeks ago we discussed The Mindset Required for Re-Entry. And the fact that a trade should NOT be considered over when your exit order is filled. You need to reassess the situation. Because sometimes you can see more clearly as you sit on the sidelines with no risk exposure. And sometimes… the move…
Complete Price Bar Reversal Patterns Video Series
Hey Traders, Now that we’ve completed the whole Price Bar Reversal Patterns Video series, I thought it might help if they were all on one page. It saves you jumping from page to page after every video. Enjoy … Price Bar Reversal Patterns – Intro Price Bar Reversal Patterns – The Bearish Rejection Pattern…
Don’t Confuse Knowledge with Knowing
“You can know the name of a bird in all the languages of the world, but when you’re finished, you’ll know absolutely nothing whatever about the bird… So let’s look at the bird and see what it’s doing – that’s what counts. I learned very early the difference between knowing the name of something and knowing…
How To Make a Strategy Your Own
There is a period of time required in implementing a new discretionary trading strategy, in which the trader must make the strategy their own. This goes far beyond just learning the rules of the strategy. A trader must take the time to understand the principles underlying the strategy, to confirm these principles are compatible with…
How I Use the Daily Chart
The majority of my pre-session higher timeframe (HTF) analysis is conducted on the 30 and 5 minute charts. Exactly as outlined in the YTC Price Action Trader, in constructing an HTF support & resistance framework. Before this though, I always have a quick glance at the daily chart. Maybe 5-10 seconds at most. Daily…