For Setup Definitions and discussion – see Vol 3, Ch 4, Pages 25-41
For those with the YTC Price Action Trader, you’ll note that the entry is exactly at the point I define as the LWP. Refer to Volume 3, Chapter 4, Pages 72-77 for discussion on the LWP concept.
Happy trading,
Lance Beggs
I received a great email during the week from a trader who trades the E-mini S&P (ES). Let's check out an extract from the email: Hi Lance, I am on my second reading of YTC PAT and in the last couple of days read, again, about Increased/Decreased projection being an indicator of potential trend strength/weakness….
Let's look at another example of the concept discussed in the recent article, "The Three Steps from TA Amateur to TA Professional".
(Previous articles in this series: part 1; part 2; part 3; part 4) So far, we’ve discussed: A simple technique for classifying (or naming) candles and gaining a feel for short-term candle sentiment. The importance of context – examining where the current pattern is occurring within the market structure in order to determine the technical and psychological impact of that pattern…
Almost all trading sessions will contain one to two price sequences which are absolutely the best. These can be the difference between an average session where you just grind out a small positive result and a great session where you hit it out of the ballpark. The price sequences which make your day. How you…
Trapped traders are a simple concept you may wish to incorporate into your trading strategy, due to its potential to offer higher reliability trade setups. These are price action based setups in which traders suddenly find themselves trapped in an undesirable situation, either: Stuck in a losing position, desperate to get out; or Stopped out…
This is what I like to see in a breakout… This is a prime target for a breakout failure. But I don't ever just jump in and fade the break. There is never any certainty in this game. It may well rally. Instead, I watch post-breakout behaviour and CONFIRM that there are no…
Thanks for the article, Lance. I look forward to them every week.
Enjoy the Easter weekend!
You’re welcome Alan. I’m glad you find the articles useful.
Have a great weekend,
Lance.
I appreciate the article Lance, thank you.
You’re welcome Marcus. Thanks for the feedback. 🙂