Feedback from the last article (Breakout Pullbacks – Sometimes They Come Fast) was very positive. Thanks! It seems that people want more examples of setups. Ok. So, here’s another, this time with a more ‘normal’ breakout pullback. I don’t often get an opportunity to trade the UK open but did so this last Tuesday, and…
Last week we looked at key components of the daily session review process (If you missed it, refer to last weeks article Part 1 and Part 2). This week we’ll look at another key aspect of your review process – but longer term – some of the key stats you should monitor to measure the…
Unlike most Support & Resistance traders, I prefer not to automatically enter on a breakout (although I won’t absolutely rule it out, such as when price bases before the breakout to allow a good low-risk position for a stop). Instead, I watch the breakout for signs of one the following opportunities – a breakout failure…
Trade Session Review Example Following on from Part One at this link: https://yourtradingcoach.com/trading-business/how-to-conduct-an-effective-trading-session-review-1-of-2/, let’s look at an example of a missed trade. The example is the open of the UK session on April 6th, 2010, which provided us with a beautiful Asian session breakout failure trade. The three blue horizontal lines represent pre-session support and…
One of the greatest processes you have at your disposal, for maximizing your learning and fast-tracking your development as a trader, is your review process. Let’s have a look at how I recommend you carry out this often-neglected part of your daily trading routine… For too many traders, the review process is simply entering their…
