Take note of the way that price approaches a level of support or resistance. The more that price has to stretch to reach it, the better. This is a time to FOCUS. Because if this move is unable to attract sufficient selling to continue lower, it can potentially set up a very nice YTC PAT BOF…
I was thrilled to receive an email on Tuesday from a trader who has taken this recent YTC concept and achieved a new “firstâ€. His first ever 100 point runner. Actually… it looks like closer to 110 but who’s counting! From the email: Hi Lance I don’t know if you remember me from earlier this year and…
Narrow-range half-day holiday sessions provide great structure from which we can trade. We discussed this idea previously. You might recall this social media example from June. Zooming into the 30 minute chart from that prior (June) example, we see how the narrow-range session provides both directional preference and setup locations. I’m not a fan of trading holiday…
One of the absolute best ways I like to see price set up for a TST/BOF trade at support or resistance is when price has to move a LOOOONG way to get there. It can snap back nicely should the breakout fail. Think of a rubber band, stretched tight. And then released! We looked at a closely…
Keep it simple, traders. A month ago we discussed trading off news reaction highs and lows. You can find that article here if you missed it – https://yourtradingcoach.org/trading-process-and-strategy/trading-off-news-reaction-highs-and-lows/ This was the structure at the time… So I’m hoping that you took the lesson from that article and studied a few more examples from your own charts….
Those who have been around my site for a while will be aware that I’m not a fan of taking breakout trades. I’d much rather let the level break and then seek either breakout failure or breakout pullback trade opportunity. But there is another option. Entry BEFORE the breakout level. Let’s look at an example…
Common complaints about the market open: I get it. And perhaps these traders are best just standing aside. Allowing some structure to develop and THEN trading. But here’s what I think. They’re missing an important point. YOU can create SIMPLICITY within that uncertainty by predefining and setting limits to your action. IF price does “this 
