Candlestick Patterns – Candle Addition and Development
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Every Session Contains Learning Opportunity
Every session contains learning opportunity! In fact… multiple learning opportunities. Review EVERY one of your trading sessions. And find something! Whether it’s in something you did poorly, something you did really well, or perhaps even something you missed entirely. There’s a lesson. Find it! Whether it’s a new insight. Or reinforcement of the basics. There’s…
A New Market Model – The Market Is A Self-Deception Mechanism – Part 1 of 2
Here’s a different way of viewing the markets and the game of trading, which I particularly like – the market is a mechanism for self-deception. This idea comes in part from the world of military strategy. Deception is a key principle of warfare, as stated by Sun Tzu in one of his most famous quotations:…
Seeing the Trade BEFORE Price Gets There
This is a theme that has been constantly pushed at YTC since right at the beginning. Seeing the trade BEFORE price gets there. This ensures that trades are pre-considered. Pre-planned. Not emotional reactions to sudden price movement. How do we do this? Project your analysis forward. Given the current structure and the wider context, where…
Who Will Give Up First?
Last weeks newsletter article (“The Most Important Question You Can Askâ€) generated quite possibly the second largest email workload ever (behind the 4-day backlog generated by “6.18 Reasons Why Fibonacci is an Illusionâ€). The feedback was all incredibly positive and supportive of my efforts with the YTC site. Thanks to all who responded. It’s greatly appreciated….
Longer Timeframe Trap
This example comes courtesy of some email Q&A, from a reader of theYTC Price Action Trader. (Yes… the YTC Price Action Trader principles and strategy can be applied on longer timeframes than those I trade!) Email: Hi Lance, Check out this really cool trap on usd/cad. If you zoom out on dailies the situations is…
The Other Trader (6)
Let’s continue with an old article series – the metagame – trading AGAINST other traders who find themselves on the wrong side of the market. Because… If I can’t feel someone on the other side of the market getting it really wrong, there is no trade. You can see the prior articles here if…