Lance Beggs – YTC Price Action Trader
Description of YTC Price Action Trader
All the other rubbish ‘systems’ you bought (I know you did… we all do in the beginning) promised success, but failed to deliver. Rubbish systems promoted using sales tricks based on human psychology, designed to appeal to your subconscious desire for simple success; designed to suck you in to handing over your money. Only one person benefits from those products – the internet marketer.
The YTC Price Action Trader is different. I do NOT promise you success. What I do promise is that this 6-volume set of ebooks will provide you with an understanding of the markets, a method of analysis, a method of trading, and a process for learning, growth and development, which will serve as the foundation for your ongoing learning process; your ongoing trader development.
I’ll set your foundation and provide you with a plan for the way forward. You need to provide the ongoing hard work.
There are no shortcuts. Somewhere inside you know that to be true. So stop trying to buy fast success.
Once and for all… PROMISE YOURSELF… IT’S TIME TO LEARN HOW TO TRADE.
What you will learn in YTC Price Action Trader?
Volume One – Introduction
Chapter One – Introduction
Introduction
Scope – Strategy, Markets & Timeframes
Acknowledgments
Prerequisites
Feedback
Contents Overview
Volume Two – Markets and Market Analysis
Chapter Two – Principles of Markets
Principles of Markets
The Reality of the Markets
Trading the Shadows
Cause and Effect
What is Price?
How Does Price Move?
What are Markets
Summary – The Reality of the Markets
The Reality of the Trading Game
How Do We Profit?
Analysis for Profit
Effective vs Ineffective Trading Strategies and Systems
Principles of my Effective Strategy
Conclusion
Chapter Three – Market Analysis
Introduction to Market Analysis
The Aim of our Market Analysis
Subjectivity vs Objectivity in Market Analysis
Past Market Analysis
Support and Resistance
Multiple Timeframe Analysis
Market Structure
Trends
Future Trend
Strength and Weakness
Identifying Strength and Weakness
Principles of Future Trend Direction
Visualising the Future
What Happens After S/R Holds?
Initial Market Analysis Process
Initial Market Analysis Process Summary
Initial Market Analysis Checklist
Initial Market Analysis Example
Ongoing Market Analysis – Theory
Determine Candle Pattern Sentiment
Consider the Context
Does it Support our Premise?
Ongoing Market Analysis Process
Ongoing Market Analysis Process Summary
Ongoing Market Analysis Checklist
Ongoing Market Analysis Example
Practice
Market Structure Journal
Conclusion
Addendum to Chapter 3 – Alternative Questions for the Conduct of Price Action Analysis
Volume Three – Trading Strategy
Chapter Four – Strategy – YTC Price Action Trader
Strategy – YTC Price Action Trader
Setup Concept
The Expectancy Formula
Principles behind the YTC Price Action Trader Setup Locations
YTC Price Action Trader Setups
Setup Definition
Setups Appropriate for each Particular Market Environment
Revisiting the Initial Market Analysis Process and Checklist
More Action – Trading In-between Setup Areas
When Price Enters Setup Areas
Trading the Setups
Stop Placement
Targets
Entry
Trade Management
The Trading Process
Trading Process Diagram
Trading Process Checklist
Practice
Conclusion
Chapter Five – Trade Examples
Trade Example 1 – BPB – T1 & T2 Achieved
Trade Example 2 – PB – T1 Achieved – Part Two Worked Exit
Trade Examples 3 – BOF, BPB, TST – Sideways Trend within another Sideways Trend
Trade Example 4 – CPB – T1 Achieved – T2 Trailed
Trade Example 5 – TST – Part 1 Stopped Breakeven – Part 2 Trailed
Trade Example 6 – BOF – T1 & T2 Achieved
Trade Example 7 – TST – Part 1 Scratched, Re-entered & Stopped Out – Part 2 Stopped Out
Trade Example 8 – PB – Scratched – No Re-entry
Trade Example 9 – CPB – T1 & T2 Achieved
Trade Example 10 – TST – Scratched & Reversed – PB – T1 Achieved – Part 2 Stopped (Trail)
Trade Example Summary Notes
Chapter Six – Other Markets, Other Timeframes
Other Markets, Other Timeframes
Examples – Forex
Additional Forex Considerations
Examples – Emini Futures
Additional Emini Futures Considerations
Examples – Stocks & ETFs
Additional Stock & ETF Considerations
Conclusion
Volume Four – Your Trading Business
Chapter Seven – Money Management
Ensuring Survival
Financial Survival
Money Management
Chapter Eight – Contingency Management
Contingency Management
Contingency Management
Chapter Nine – Goals & Targets
What Win% Should You Expect?
Ok… If I Absolutely Must!
Stats
Another Option – For the Consistently Profitable
Chapter Ten – Trading Psychology – A Practical Approach
Personal Survival
Prerequisites for Survival
Mastery of Trading Psychology
Focus on Process
Peak Performance Mindset
Maintenance of Peak Physical Condition
Psych Wrap-Up
Additional Study
Chapter Eleven – Trading Platform Setup
Trading Platform Setup
Chapter Twelve – Trading Plan
Trading Plan
Trading Plan Template
Trading Plan – Explanatory Notes
Cover Page
Preface
Introduction
The Trader
The Trading Business
The Trading Process
Annexes
Chapter Thirteen – Procedures Manual
Procedures Manual
Sample Procedures Manual
Chapter Fourteen – Additional Documentation
Additional Documentation
Trading Journal Spreadsheet
Trading Log
Motivation Journal
Lessons Learnt Journal
Market Structure Journal
Trades Journal
Volume Five – Trader Development
Chapter Fifteen – The Journey
FACT: Most Readers Will Fail to Achieve Consistent Profitability
The Journey
Chapter Sixteen – The Learning Process
Effective Learning
Deliberate Practice
Trade-Record-Review-Improve
Deliberate Practice Tools and Techniques
Defined Trading Procedures
Trading Logs and Journals
Documented Review Process
Market Replay
Market Replay Alternatives
Peer Review
Chapter Seventeen – Taking Action
Taking Action
The Development Stages
Stage 1 – Establish Your Foundation
Stage 2 – Simulator Environment
Stage 3 – Live Environment – Minimum Size
Stage 4 – Live Environment – Increasing Size
As You Progress
Taking Action – Alternate Strategies
Challenges and Difficulties
The Target
Additional Study
Volume Six – Conclusion
Chapter Eighteen – Conclusion
Summary
Principles of Markets –Summary
Market Analysis –Summary
Trading Strategy –Summary
Setups Poster
The Learning Process –Summary
For Those Concerned That It Appears Too Simple
And For Those Who Perceive It As Too Complex
Take Action
Wrap U
Supplementary Resources
