Price Bar Reversal Patterns – The Key Reversal
Similar Posts
Do Higher Timeframes Trend Better? Not Always!
It’s commonly stated, particularly in the currency markets, that higher timeframes trend much better than lower timeframes and are therefore much easier to trade. It's stated that lower timeframes are subject to too much "noise", with choppy, overlapping price action full of stop running and false breakouts.
The Two S/R Levels You Must Have On Your Charts
As an intraday trader there are TWO S/R levels that are always on my chart. The Prior Day’s High The Prior Day’s Low
Surrender your Fate to the Markets
In my experience, most traders are too focused on individual trade results. Individual trade results do not matter (provided of course they do not violate your trade, session or longer timeframe drawdown limits). You need to expand your focus beyond the individual win or loss. Once you've proven your strategy in a sim environment, the…
Every Price Interaction with Support or Resistance is Unique
The following image was posted a few days ago on facebook and received more "likes" than any other YTC facebook post so far. So I thought we should examine the concept in a little more detail. (By the way… see here for YTC Facebook if you're not already following it: http://www.facebook.com/yourtradingcoach)
A Bias-Changing Event
We're all familiar with the charts produced by news events that cause a sudden and massive expansion in volatility, as shown below in this example from my blog archives. (If you’re interested in the blog post associated with this chart, and an examination of the retest of support, you’ll find it in the YTC Newsletter…
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…