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 if you wish to open a full-size version in your browser!)

Click on the image to open a full size version in your browser

 

I also feel great joy when looking at this. Here’s what I see…

Trapped Longs

 

Expect a break against the bias to fail

Two failed attempts to do something means the market is likely to do the opposite

Fade weakness, not strength

Confirmation is Risk

Multiple-R Profit Potential

 

Most of all though, I just love seeing someone else finding joy through the
concepts I’ve been teaching at YTC for the last 6 years.

Happy Trading,

Lance Beggs


 

PS. For YTC Price Action Traders…

What was the setup?


 

PPS. For more information on each of these concepts…

Traps

  • The original articles were here and here. And shortly after that here.
  • But the idea is expressed in numerous articles throughout the site. This link will take you to all articles with the tag “Traps“
  • Of course, the idea is also integral to the setups in the YTC Price Action Trader..

Expect a break against the bias to fail.

  • First see the article here.
  • Then part two here.
  • And then this followup article here.

When the market has two failed attempts to move higher, expect it to go lower.

  • Try this article first.
  • And then revisit the concept for another look here.

Fade weakness, not strength!

Do not wait for movement SHORT to confirm a sell signal. Enter SHORT when the market cannot
move higher.

  • Examine this idea here and here first.
  • Then in this article here.
  • And you’ll also find the idea put in practice here and here.

Multiple-R Potential

TST & BOF Setups

 

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