Last Sunday I shared the following image on YTC Facebook and Twitter. It’s such a beautiful example of the benefits of journaling, I just had to expand upon this in a newsletter article. Here’s the thing… Ok, I know! The markets don’t always back up the very next day with a repeat of key price sequences. The real…
Last week’s article led to an interesting comment about the sequence preceding the one discussed in that article. Check it out here if you missed it – How to Enter When the Pullback Shows Strength! The email feedback expressed an interest in the fact that the session started with a loss and yet I managed…
For years now, I have been trading with a 5-minute countdown timer. When it counts down to zero it sets off a buzzer before resetting and starting again. This served two purposes. (1) It brings my focus back to the markets, in the event that it’s slipped away (not unusual given that I trade overnight)….
The following is a series of 24 image posts sent out via social media, from 19th August 2019 to 11th September 2019. They’re repeated here in full, for the benefit of readers of both the YTC newsletter and blog. Regards, Lance Beggs
Situational Awareness is a concept which has been instrumental in shaping how I conduct my market analysis. Many of you may not have heard of this concept, so I thought it would be good to provide a brief introduction today. And if there’s interest from readers we can go a little deeper into the topic…
(Previous articles in this series: part 1; part 2; part 3) So far, we’ve discussed: A simple technique for classifying (or naming) candles and gaining a feel for short-term candle sentiment. The importance of context – examining where the current pattern is occurring within the market structure in order to determine the technical and psychological impact of that pattern (how…
The following is an excerpt from an email response to a trader who suggested that, “Price Action Trading is a lagging indicator (albeit short lagging indicator) methodology based on one’s reading of the future price direction through market/trend analysis with active management designed to scratch trades early if the market suggests one is incorrect on…
There are various analysis tasks that must be completed upon first arriving at our charting platform each day – examination of higher timeframes to create a support and resistance framework; examination of market structure in order to identify the potential environment (trending or ranging); and examination of any pre-session data that may be significant to…
Most of the traps I trade come from the Trading Timeframe or Lower Timeframe charts. I don’t watch the higher timeframe for traps. However, I do see them from time to time. And they can provide some nice trading opportunity. Ok, “wrong” is probably a poor choice of word. The reality is that we don’t…
This question was different. In the decade and a half of YTC I don’t recall having had this one before… What do you consider to be your most underrated post or article? What could I have missed in my reading? Interesting! My initial response was “Give me a few days to think over this one .
