Trading Process and Strategy

Breakout Pullbacks – Sometimes They Come Fast

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…

Trading Business

How to Conduct an Effective Trading Session Review – 2 of 2

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…

Trading Business

How to Conduct an Effective Trading Session Review – 1 of 2

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…