Candlestick Patterns – The Bullish Engulfing Pattern
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Candlestick Charting – Video 7 – Hammer
Candlestick Patterns – Hammer
Feeling Joy When I Look at this Price Action
I absolutely love this email I received recently, from a trader who is making tremendous progress in his growth and development. It’s nice and simple. Just one single line… Feeling joy when I look at this PA. And here’s the attached image:  (It’s a large one so I’ve reduced the size. Click on the image…
Post-Session Chart Review
We recently shared some post-trade reviews from Josh, who is doing exceptional work in creating a trade review journal for his longer timeframe forex trading (daily charts). See the trade reviews here if you missed them:Â https://yourtradingcoach.org/trading-business/Trade-Review-Examples/ But a trade review journal is not the only option you have. Today I’d like to share a chart…
When the Trap Entry is itself a Trap
Let’s start by viewing the market right as it opens: Readers of the YTC Price Action Trader have several principles they use for projecting the upcoming price swings and identifying areas of potential trade opportunity. BUT WAIT! There is something else that should be jumping out at you as relevant as well. Something that we have discussed…
What Is Wrong With This Entry?
The following is an excerpt from an email Q&A session, which offers a great lesson for us all to share – the importance of correctly assessing the bias. Email excerpt: …My problem is I get stopped out again and again most of the time before price goes in my direction. I have a 20 EMA on…
When Price Stretches to Reach the Level – 2
Take note of the way that price approaches an S/R level. The more that price has to stretch to reach it, the better. This is a time to FOCUS. Because if this move stalls, unable to attract sufficient buying to continue higher, it can potentially set up a very nice TST/BOF trade for reversion to the mean,…