(Yield Trading Company) Scalper, created by Lance Beggs, is a methodology designed for short-term trading (scalping and day trading) primarily on the one-minute and three-minute charts . Unlike "noise trading," YTC focuses on identifying high-probability turning points using market structure, volume, and price action.
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The PDF details several proprietary techniques for assessing trend strength and potential exhaustion on fast-moving charts:
: Highly liquid equity indices suitable for low-timeframe trading. Timeframes & Analysis :
The YTC method ignores most oscillators (RSI, Stochastics). Instead, the PDF teaches a specific way to draw . You are looking for breaks of miniature support and resistance levels that exist for only 3 to 5 minutes.
: Beggs recommends this approach for highly liquid markets, specifically E-mini futures and FX futures (such as 6E and 6B), due to lower relative commission costs and high tick-size ratios.
The YTC Scalper system is designed to help traders develop a systematic approach to scalping, with a focus on high-probability trades and strict risk management.
The PDF is legendary not because it predicts the future, but because it teaches control . It teaches you to see the market as a flow of ticks, not dollars.