Price Bar Reversal Patterns – The Key Reversal
Price Bar Reversal Patterns – The Key Reversal
Let's start by viewing the market right as it opens: Readers of the YTC Price Action Trader have several principles they use for projecting the upcoming price swings and identifying areas of potential trade opportunity. BUT WAIT! There is something else that should be jumping out at you as relevant as well. Something that…
Let’s do a quick followup to the recent article on Layered Levels of Support or Resistance. Because there was an email response that I think is worth sharing. – – – Email: Lance, you’re a legend. Your timing is perfect. I’ve been trying to trade off major daily levels (prior days highs and lows, overnight…
Let me cherry-pick a perfect textbook example of the concept I want to discuss today. This was the opening sequence from Monday’s NQ futures, 1 minute chart: Brilliant uptrend, right? Right? No? Ok, maybe a downtrend then? My hope is that 100% of you had resistance to the idea of this being an uptrend. I…
I had no plans to continue this recent topic on use of the opening range to provide a quick and simple assessment of "bigger picture" session bias. But I had a few traders ask how it should be applied to the forex markets. You can see the two prior articles here, if you missed…
Last week’s article led to a simple question from a reader – “I’m not familiar with the Inside Continuation pattern. Do you have a post where it’s discussed?” No blog post, sorry. So let’s create one now. The prior article was this one: Project – Confirm – Trade And the reference to the term Inside…
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…