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"YTC Scalper" by Lance Beggs is a 232-page manual focusing on discretionary, short-term trading strategies for liquid markets, specifically adapted from the YTC Price Action Trader (PAT) series for lower timeframes. It emphasizes analyzing market sentiment and structure around support/resistance, covering key concepts like projection, depth, breakout failures, and breakout pullbacks. For more details, visit Sacred Traders YTC PAT Vol 2 P137 | PDF - Scribd
Step 1: Set Up Your Charts
- Commission Sensitivity: You cannot trade this with a $10 commission round trip. You need a broker with $0.50 - $2.00 round trip.
- Slippage: The PDF assumes perfect fills. In a volatile market, your 4-tick target might become a 2-tick loss due to slippage.
- The Rejection Bar: A pin bar on the 1-minute timeframe.
- The Double Inside Bar: A specific consolidation pattern that predicts a 70% probability breakout.
Lance Beggs (Author of YTC Price Action Trading) - Goodreads YTC Scalper.pdf
Step 2: Mark Key Levels
Ignore the news. Mark yesterday’s high, low, and closing price. Mark the London and New York session opens. "YTC Scalper" by Lance Beggs is a 232-page