Candlestick Patterns – Doji
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Three Key YTC Lessons in this Opening Price Sequence!
Lesson 1: When two trade ideas fail to work, consider a break. When three trade ideas fail to work, force a break. Lesson 2: When the pullback is deeper and stronger than expected, let it roll over. Get in on the other side. Lesson 3: An exit is not necessarily final. Remain focused and consider…
You WILL Have Trade Sequences Where You Are Out Of Sync With The Market
Let's examine the opening hour and a half of the emini Dow from Tuesday's session. As seen in the charts below, the session commenced with a sequence of trades where I was out of sync with the bias of the market. And then another when I was completely in tune with the market. Ok,…
Studying a Higher Timeframe Trap
There are some common themes that run through the articles I produce at YTC. One of these, which has been here since the beginning, is the importance of creating a Market Structure & Price Action Journal. Every day, find something that amazes you in the charts. Print it out. Cover it with notes. Study it….
WLSR – Not Win%
I've covered quite a few topics throughout 2014, but I believe the most important by far has been my attempt to have people looking for success over a series of trades, rather than on any individual trade. Not every trade idea works! But that's ok and that's normal. Keep the losses contained. And work…
3 Different Breakout Pullbacks… 3 Different Outcomes
Today we had three different breakout pullbacks with three different outcomes. The following charts show the trading timeframe first (one chart), followed by the lower timeframe detail (three charts, one per trade). A common question (although often appearing in different forms) is "but how do I know whether they will work or not?" Answer… I…
Good Trading Isn’t Just About Winning Trades
There were two lines in last week's article, which I want to continue exploring today. Good trading isn't just about winning trades. Just as important is managing yourself during those times when you don't have a good read on the market. This business is HARD. And I tend to perhaps focus on the negatives a…