There are some common themes that run through the articles I produce at YTC. One of these, which has been here since the beginning, is the importance of creating a Market Structure & Price Action Journal.
Every day, find something that amazes you in the charts. Print it out. Cover it with notes. Study it. File it. And review your journal often. It really will be the greatest trading book… EVER!
Over time, I promise you will start to see patterns within the market structure or price action, which repeat themselves again and again and again.
Like this, which we shared via social media way back in 2015:
This is a structural feature that I see repeated again and again and again.
Here’s another previous example – https://yourtradingcoach.org/trading-process-and-strategy/trading-failed-expectations/
And of course, those with the YTC Price Action Trader should look to Volume 2, Chapter 3, Page 143.
But let’s look to an example which occurred last week, on a higher timeframe chart.
Yes… it’s an idea which you will find in all markets and all timeframes!
Happy trapping,
Lance Beggs