YTC Price Action Trader (www.ytcpriceactiontrader.com) | Trading Reviews and Vendors


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YTC Price Action Trader (www.ytcpriceactiontrader.com)

  #70 (permalink)

Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,032 since Jul 2011
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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.

If one wants 3rd party s/r lines here are a few great suggestions:
As for kwik-pop, js-lines combo s/r lines, one can find info in the products section on KwikPop Day Trading Software
www.jsservices.com , for js lines only.
ToTheTick | Support and Resistance Trading - Futures and Forex
Day Trading the Indices Using Support and Resistance


Last edited by Cloudy; January 19th, 2012 at 04:10 AM.
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