For Setup Definitions and discussion – see Vol 3, Ch 4, Pages 25-41
For those with the YTC Price Action Trader, you’ll note that the entry is exactly at the point I define as the LWP. Refer to Volume 3, Chapter 4, Pages 72-77 for discussion on the LWP concept.
Happy trading,
Lance Beggs
I’ve been discussing this idea for quite a while now. The idea that there is GREAT VALUE in studying your charts post-session to identify the price sequences which offered the best trading conditions. And then… the structural features which might help you identify similar trading conditions next time they occur. Just last week in our…
Let’s continue with a series we started last year – 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…
Candlestick Patterns – The Bullish Engulfing Pattern
Let’s start with a post sent out to YTC Social Media last weekend: This line resonated with me: “the most important talent may be the talent for practice itself.“ And it reminded me of two prior YTC articles: A great topic that has deserved far more attention than it’s been given (twelve years since the original article;…
Let’s look one final time at last week’s trade sequence. The problem we attempted to address was one of continual attempts to fade long and extended price swings, finding that instead of timing that entry to perfection we more often than not end up with two to three stop outs, and a mindset destroyed for…
How nice is this market open… And I’ll admit it looks damn tempting. But wait! I’m not just playing price action. I’m playing the metagame. I’m viewing the market not just as price movement and patterns, but also as PEOPLE whose trade decisions create the price movement and patterns. I’m trading AGAINST those traders who…
