Trading Process and Strategy

Micro-Channel False-Breakout Counter-Trend Entry

Entry to a counter-trend trade can be difficult to time, especially when it’s not in the vicinity of any significant S/R level. And particularly when it just keeps grinding a little further, then a little further again; always offering what appears to be tempting entries. (Note: the example here uses a trading timeframe of 1 min, with…

Trading Process and Strategy

Acceleration Into S/R – Wait For the 2nd Chance Entry

Monday’s emini-Dow session offered two great examples of the higher probability way of trading a reversal at S/R, when price accelerates into the area. The examples occurred on the 10 tick chart, which I’ve been using as my lower timeframe lately, however the concept is applicable on all timeframes and markets (provided they offer suitable…

Trader

What We Fear In Trading Is…

A key component of my trading documentation is my Lessons Learnt Journal – a collection of insights organised into numerous trading-related categories. It creates a great tool for both formal review and learning, and also for casual reading whenever I’ve got a spare few minutes. Within this invaluable resource, and amongst the numerous market structure…

Trading Process and Strategy

Price Action – Lagging or Leading?

The following is an excerpt from an email response to a trader who suggested that, “Price Action Trading is a lagging indicator (albeit short lagging indicator) methodology based on one’s reading of the future price direction through market/trend analysis with active management designed to scratch trades early if the market suggests one is incorrect on…