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Hi Big Game Hunter, I can't, it's copyrighted material. Most of the stuff though is procedural, do this, do that, checklist tick etc, the actual meat of the trading technicalities is all covered on his website. The S/R method he describes is simply based on a higher timeframe chart using swing highs and swing lows to define the market structure, i.e. where price is likely to do something like stall or break-out. His swing highs/lows are defined as 2 bars on either side must be lower for a swing high, higher for a swing low. Works most of the time, gets crowded after a long trading range.
You can discover what your enemy fears most by observing the means he uses to frighten you.
I think looking at each pivots to define S&R is a bit clumsy. Unless you can confirm there is supply or demand left at a level, there is no need to record every pivot. Would be curious to see how you would have marked the ES Yesterday given how supply/demand moved.
I couldn't handle drawing lines from the previous session. Too tedious and ambiguous for me. So thanks to cjbooth's introduction of the kwik-pop and JS Services indicators, I let them do the s/r lines update for me. I also use the "jhLTDSetup" indicator used in Sharky's method in one of his templates. I found it helpful in generally showing when price is contained in a trading range consolidation or showing when price has broken out and may be trending.
How is this all related to YTC? I have YTC PAT and am still reading it but I like his ideas about what "objectively" defines an ongoing trend based on pivots of prior swing highs/lows or a greater than 1-2-3 pattern into a trading range. Just that I let KwikPop's "pivot2color" indicator draw the pivots for me and let JS Services draw support and resistance lines for me updated daily through their "quantkey" connection software.
As to what to do when you're in a trade and it slows down at a resistance level? I guess you could settle for taking it off for a smaller profit. Or take half contracts off if you're using more than than 1 contract, then wait and see, and then you have a breakeven/free trade.
How supply/demand moved? Do they move? You've lost me on that one. But I agree with what you say about clumsy S/R levels. I look back over them at the end of the day to see how they affected price, and remove them if they didn't. It works for now in my limited testing but I can't say it's a bottle-neck for my performance - like you say, it's just clumsy.
You can discover what your enemy fears most by observing the means he uses to frighten you.
Would you be kind enough to give some insight to kwik pop & js service combo worth the monthly premium. I know about kwik pop pivot formation which can also be figured out with zig zag or price action swing indicators
I can see the advantage of using an indicator for the S/R lines but I like to remove lines when they prove ineffective.
YTC PAT details all this. It's a good programme - more so than a reading book - and I'm trying to be dogmatic about implementing it, but there is a lot of stuff in there. But then, there's a lot of stuff in trading.
You can discover what your enemy fears most by observing the means he uses to frighten you.
I wanted to bring YTC up again. ( www.yourtradingcoach.com) I've been reading the material and found it great price action discretionary stuff. At the end of YTC PAT Lance Beggs does say similar to what Al Brooks says that one can't be an instant profitable trader right after reading the material. It take practice and experience. At least Beggs has more suggestions on how to get to that level through after market review and a practice simulation plan. His setups also have more delineated steps while Brook's setups are more vague. However there are Brook's setups not covered by YTC PAT and vice versa. And YTC PAT has more emphasis on trading off of s/r lines than BPA.
There is also an addendum product called "YTC Scalper" where Lance Beggs has modified YTC PAT for the 1min chart using range bars and also a simplified checklist procedure based on the YTC PAT. The setups are still mainly based on YTC PAT and YTC PAT is a pre-requisite read for YTC scalper. Beggs claims to trade his scalper system for 1 or 2 hours so he can be done with his trading and have time for other commitments.
In review, I found YTC PAT and YTC Scalper a great intro to price action, a possible alternative or supplementary material to Al Brook's BPA series. It's also a complete trader's package by itself as YTC PAT covers a comprehensive trading education and has instructive sections on trading psychology, after market review, and trading plans with close to a thousand pages of material. There is also a free blog updated at least weekly by Beggs which includes plenty of examples and charts , far more than most other trading instruction sites.