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YTC Price Action Trader (www.ytcpriceactiontrader.com)


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YTC Price Action Trader (www.ytcpriceactiontrader.com)

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  #91 (permalink)
London, UK
 
Experience: Beginner
Platform: NinjaTrader, home-grown Java
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trendisyourfriend View Post
I would guess Mack's method is easier as his setups are of two kinds: second entry or failed second entry at a trend line or EMA(20). YTC trades at horizontal levels of S&R based on strength and weakness analysis a la Wyckoff. YTC as many others considers trend lines as an illusion.

But they are all illusory. YTC PAT works because the support and weakness levels are self-fulfilling prophecies. The more traders who see the illusion, the better the prophecy is fulfilled.

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  #92 (permalink)
Market Wizard
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Both approaches are valid but with MACK i think you get more feeback from the author and his pupils here on futures.io (formerly BMT).

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  #93 (permalink)
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Mack is geared for day trades, where as YTC setups is for longer time frames as per YTC Beggs himself. YTC has scalper set up which uses Keltlner Channel (if I recall) which is in line with trend lines

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  #94 (permalink)
London, UK
 
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contrails View Post
......where as YTC setups is for longer time frames ..........

As you say his YTC Scalper stuff is based on very short time-frames or tick charts.

However the YTC PAT course books are based around 30min time-frame usage for finding S/R, and 3min time-frame for trading, and to a lesser extent also switching to the 1min time-frame for timing entries.

Lance Beggs has written articles on his website relating to longer time-frames e.g. daily bars, and he is always stressing that the PA techniques are applicable across the board. I think he likes to encourage traders from all time-frames to read his stuff...

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  #95 (permalink)
San jose
 
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Adamus View Post
Not long-winded at all. All makes sense. You're using volume profiles to find the levels? (or does that question make me look stupid?)

Using volume (and switching from forex to futures) is one of the options that lies ahead for me if my latest approach that I'm currently working on doesn't pay off - although higher on my list is lengthening my time-frame. I am trying to develop the ability to work the YTC PAT methodology on the 3-min time-frame but my last foray showed me I wasn't experienced enough to keep it all together on a 3-min chart. On the hourly chart though, that could be a totally different story.

Thanks Darkpool for explaining you strategy/method.

Hi @Adamus,
I am in the same boat. Starting on trading futures and learning Market profile from profiletraders Reza. It is not going to be easy but put my 1st month in and basically know the terminology now. But Profile (VP or MP) only tells you bias of the market, you still need some scalper method to trade in my view. Since Darkpool knows both you must be using unconsciously . Anyway I thought put my 2 cents in.

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  #96 (permalink)
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I see this thread is pretty old now, but I recently came across Lance Beggs. Does anyone here still trade his method? Seeing success with it?

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