Let’s do a variation of the “Long is Wrong†topic which we covered in recent years. Here’s the concept: Today I want to flip that on it’s head. Because the reverse is true as well. And it sets up some great opportunities in the markets. And again, we’re looking for YTC PAT PB or BPB setups,…
Let’s start with the daily chart THREE sessions ago: TWO sessions ago: And now ONE session ago: And today: Can I say… I LOVE traps in the market. All markets. All timeframes. And while I don’t trade the daily chart, the fact that the market set up like this on the daily greatly influenced my…
Market open traps… I love these so much. I swear you could specialise in these, provided you had the patience to sit aside on days when they did not set up. From a YTC strategy perspective, they’re a BOF Setup trading off significant overnight structure. But there are two unique features. The first is a breakout with…
(1) Recognition of potential for unfavourable conditions The following post was shared by social media pre-session on Monday: Expanding a little on that image: And adding further to this potential for unfavourable conditions: In the absence of unexpected news that provides a clear directional bias, I don’t imagine many longer-term traders keen to take positions prior to…
