Let’s start with some higher timeframe structure to provide a little context.

<image: Volatility Contraction within a Sideways Range>

<image: Volatility Contraction within a Sideways Range>

The market kicks off at 09:30 and drives higher, confirming the uptrend is in play. YTC Price Action Trader principles 1 and 2 will guide our analysis and trade plan, until proven otherwise.

<image: Volatility Contraction within a Sideways Range>

<image: Volatility Contraction within a Sideways Range>

<image: Volatility Contraction within a Sideways Range>

<image: Volatility Contraction within a Sideways Range>

<image: Volatility Contraction within a Sideways Range>

<image: Volatility Contraction within a Sideways Range>

<image: Volatility Contraction within a Sideways Range>

<image: Volatility Contraction within a Sideways Range>

The default option with a Sideways Trend is to seek trade opportunity at the upper or lower boundary. But there is another option. When the market provides clear structure within the range, when it’s something that is absolutely screaming out to be traded, seize that opportunity and take the trade, targeting the edge of the range and potentially beyond.

Happy trading,

Lance Beggs

 


 

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4 Comments

  1. New trader here. Always good to read your blog posts. Finished YTC PAT once, think will have to go through it few times to get comfortable with the concepts and have confidence to put in trades based on setups

    1. Hi Neeraj,
      Volume 4 is possibly one of the most important, despite being one of the shortest. Success will come through your growth and development plan. Incrementally, step by step. So yes, read a second time. But then be sure to follow the volume 4 development plan.
      Best of luck,
      Lance.

  2. Can I ask what the lower time frame was that you were using to trigger the final trade? Also, can we assume on that time frame we had some kind of pullback to the broken resistance that then became support?
    Many thanks.

    1. (1) I monitor two different lower timeframe charts, for two different perspectives. 15 second for YTC Price Action Trader decisions. And a range chart (currently 3 range) for a YTC Scalper perspective).
      (2) Correct – The 15 second retested the point of breakout from the pattern, stalled for a full bar and then broke higher.

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