YTC Price Action Trader (It's Time To Show How I Trade!)

After two and a bit years of running a fairly generic education newsletter, I've finally been convinced to provide more detail about how I trade. Thanks Richard!!!

The last thing I want is to create a 'JOB' out of this, so trading rooms are out - I hate them anyway and don't believe they're good for learning. My initial thoughts (for quite a while now) have leant towards a 'home study' video course, however after spending a couple of hours planning I've realised just how huge a job this is. The resultant price will put it out of reach for many.

So, here's the plan.

Stage 1 - ebook version with as much detail as I can cram into a couple of hundred pages. At standard ebook prices so that it's the same price as all the rubbish forex strategy ebooks - but actually contains real info (novel concept, hey!).

Stage 2 - then I'll produce the video course expanding on the concepts of the ebook via video trade example.

Stages 3 onwards - no idea - let's see where this leads. Maybe seminars / webinars / who knows? The only caveat is that I need to be enjoying it and it doesn't interfere with my trading.

Timeframe - as it happens... I'd expect 2-3 months for the ebook.

Currently planned contents, as at 4 Jun 10 (which will likely change as it develops):

Table of Contents

Chapter One - Introduction

Prerequisites
Contents Overview

Chapter Two – Trader Development

The Journey
Ensuring Survival
The Learning Process

Chapter Three – Principles of Markets

The Real Reason Most Traders Lose
The Reality of the Markets
The Reality of the Trading Game
Why Other Systems are Ineffective
Summary

Chapter Four – Market Analysis

Multiple Timeframe Analysis
Market Structure
- Understanding Support and Resistance
- Major Support and Resistance
- Minor Support and Resistance
- Combined
The Goal of Our Analysis
Price Action Analysis
- Trend
- Momentum
- Volatility
- Miscellaneous
- Establishing Bias
Market Analysis as a Checklist Process
Examples
Ongoing Price Action Analysis
Examples
Practice
Summary

Chapter Five – YTC Strategy

Setup Concept
YTC Setups
- Identify YTC Setups
- Stop Placement
- Points of Entry
- Targets
- Examples – Setup and Entry
- Trade Management
- Examples – Trade Management
Practice
Summary