All Market… All Timeframes.
1. Determine the bias
2. Enter on a trap setup against the bias
The following provides an example for longer timeframe equities traders, using a Weekly / Daily combination.
Note: These were not traded live. I trade lower timeframe futures. This article is simply demonstrating the concept for educational purposes.
Lance Beggs
If you’re new to my newsletter, you could be forgiven for thinking that all I trade is an NQ opening range drive. I think in recent times we’ve covered that more than any other opening setup. Like here – https://yourtradingcoach.com/trading-process-and-strategy/pre-session-emotion-and-an-opening-drive/ Essentially it’s the first YTC Price Action Trader PB Setup following expansion from the open,…
Let’s say you had to buy or sell the MHI (mini-Hang Seng index futures), based on the following 1-minute chart. Which would you choose? Take a second or two to make your decision before reading on.
I received a question from a reader who made an exceptional trade but was concerned that he should have exited the trade much earlier, scratching for a small loss and then possibly seeking re-entry. I love this! I would typically expect most traders to be ecstatic about a win. But it's a sign of…
Email Q&A: I would like to see a side by side comparison of the various candlestick chart patterns & equivalent bar chart patterns. In other words, what does a Shooting Star look like on a bar chart? The same with a Harami, Dark Cloud, Piercing, Engulfing, Morning Star, etc. Thank You!!! Response: No problems at…
Price Bar Reversal Patterns – The Bearish Rejection Pattern
Question from YTC reader: I traded ZIOP a few times today (I will attach the daily, 30 min and 3 min which are the charts I use below) I entered on the fourth 3 min candle right after the pullback and set my stop below the low of day. It was a good trade…
