Price Bar Reversal Patterns – The Island Reversal
Price Bar Reversal Patterns – The Island Reversal
Last week we profited from recognising and exploiting a Higher Timeframe (HTF) trap. Check it out here if you missed it – https://yourtradingcoach.com/trading-process-and-strategy/higher-timeframe-trap-everyone-long-above-this-level-is-wrong/ This week, let's look at the other side of traps. The fact that sometimes… the trapper becomes trapped. Repeating for effect: You don't always get it right. Sometimes you're "the other…
The path from entry to profit target is rarely a straight line. Especially when market structure gets in the way. In today's example we have an area of resistance, right in the way of our trade. Given the potential for some reaction off this area of resistance, we have two options. We could hold…
I'd like to share a great question received this week which highlights a number of recent topics that have been discussed via the newsletter or blog – the irrelevance of individual trades, the imperfection of ALL exit strategies, plus patterns vs context and the way price movement influences other traders' decision making. Question: I stumbled…
In preparing my daily entry for my Market Structure & Price Action Journal, I sometimes venture away from my usual market and timeframe if there is an example that REALLY catches my interest. This was one of them. We're looking here at the Crude Oil 30 minute chart. Why did this interest me? Because…
This was an interesting sequence of trades – three which I got completely wrong, followed by one which I finally got right. The key takeaways: You won’t always get it right. Sometimes your timing is out. Other times, like in this sequence, your assessment of bias is just wrong. Good entry location and good active…
One of the basic concepts underlying Technical Analysis, the YTC way, is that of traps. (See here and here for example. And of course here!) Usually in these articles when I've discussed traps it's been in terms of short timeframe setups or trigger entries. However the same concept applies at the higher timeframe structural level….