Candlestick Patterns – The Bearish Engulfing Pattern
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Pullback – With a Hidden Trap
The first pullback after a change of structure – you all know I absolutely LOVE these trades. Especially when the prior structure was so damn frustrating. Because that can lead to a great move in the new direction. Same concept as always! When we have a strong directional bias, watch for any price action that…
It’s Game On! Let’s Trade!
I operate with three general levels of engagement – Trading, Trade with Caution, and Stand Aside. Because not all conditions in the market are the same. If you haven’t done so, I highly recommend adopting a similar practice. Take some time to consider the factors that might trigger each level of engagement in your own…
Opening Drive – When you Miss the Early Entry
I do love a strong gap opening. So let’s begin Friday 31st July 2020 with NQ gapping higher. We’ll start with the 30 minute chart (RTH session data only so that we see the gap). Let’s drop slightly to the 15 minute chart and include some overnight data as well. So let’s prepare for the…
Reader Session Review
I received an email recently from trader MK which I want to share, as it contains a few good lessons. MK has kindly provided permission to share his session review. (His words… “You can use the email and the charts, that is why I sent them. It is important for traders to know that if…
Traps Just Before RTH Open – 4
Traps immediately before the open… we’ve discussed them a number of times over the last year. Here are some of the previous discussions, if you missed them: https://yourtradingcoach.org/trading-process-and-strategy/traps-just-before-rth-open/ https://yourtradingcoach.org/trading-process-and-strategy/traps-just-before-rth-open-2/ https://yourtradingcoach.org/trading-process-and-strategy/traps-just-before-rth-open-3/ And you’ll probably find a few more examples if you scroll back through the social media feeds. The thing is though – the market…
Don’t Overcomplicate Things – 2
Just over a month ago we discussed the fact that the majority of my trades lately seem to fit within one of two broad categories. (For those with the YTC Price Action Trader, the first category will include all variations of PB, CPB and BPB trades. The second category will include all variations of TST,…