Trading Process and Strategy

Reviewing Key Price Action Sequences

A great way to learn to read price action is to review your historical price charts, with a focus on the price action at key structural locations. Find and review anything which fits these categories. tests of significant levels breaks of significant levels traps transitions between trends and ranges transitions from volatility contraction to expansion…

Trading Process and Strategy

A Failed Break of a Range will lead to a Test of the Other Side

Here's a great email question from a reader: Question: I'd like to get your opinion about a question I saw on a forum. To be honest I wonder if there is a proper answer but nevertheless I think this behaviour occurs often. It is a form of strong rejection at an extreme of a range…

Trading Process and Strategy

Learning – When the Markets are Closed

Even when markets are closed there is great potential to improve as a trader. Here are a few options, aside from the obvious which is reading trading books (especially this one). Market Replay – Missed Sessions We discussed market replay previously (see here). This is by far the greatest tool available to you for after…

Trading Process and Strategy

Price Action Principles – Timeframe Independent

I just want to take the opportunity here to remind those on higher timeframes that almost everything I write should be thought of as largely timeframe independent. Most of the examples I provide will come from very low timeframe charts. Why? Because that’s what I trade! But while the chart images I show in newsletter…