Performance psychology plays a VITAL part in my daily trading routines and processes, as I've outlined in the image below. Have you established your own tools, methods and strategies to ensure peak performance? If not, why not? Your trading strategy may contain a tested and proven edge, and yet all too often we see traders…
I operate with three timeframes: Higher Timeframe – Defines the S/R structure within which the trading timeframe moves. Trading Timeframe – This is used to define the trend, market bias and to identify setup locations. Lower Timeframe – This is used to fine-tune my trading timeframe analysis and to time entry and exit decisions. I…
The business of trading is a dynamic and ever-evolving process of growth and development. You don't ever reach the finished state. Instead, you're always in the process of "becoming" a better trader. Novices make the assumption that when they find the right system, then the job is complete. Nothing is further from the truth! As…
We finished up last weeks article (which you'll find here if you missed it) with the following image… Well, my post-session review did consider this question. In fact, the answer was obvious to me even as I traded the session. I knew I was fighting an obvious uptrend from maybe the second or third trade,…
1. Identify a trading timeframe pattern…. …. that's occurring in a low probability place on a higher timeframe. 2. Confirm weakness on pattern breakout.
Recent Facebook Comments From here: http://www.facebook.com/yourtradingcoach/ Post: The reality of the market is traders making trading decisions. It's all about people, not price. Individual traders make trading decisions based on their perception of the market. The net effect of all traders operating within the market will result in net bullish, bearish or neutral sentiment, which…
(Continuing our occasional theme of "We all learn more when Lance screws up!" 🙂 There are two important considerations when trading against a clear trend… Are my entries in a wholesale price region? Is my trade management defensive? These two considerations should be in the forefront of your mind, if you wish to preserve…
If you're not on facebook (http://www.facebook.com/yourtradingcoach) then you would have missed this recent Q&A: Question: (in response to a repost of this old article: https://www.yourtradingcoach.com/trader/trading-psychology-from-a-9-year-old/) I saw this in your recent article, "And I certainly believe that the career of a trader does provide significant benefits for society (a subject for another future article perhaps)"….
Let me give an example of a point made in the Trends & Channels video, in which I stated the following: With hindsight it’s always easy! So when you see educators marking up charts saying, "See how the trendline defines the trend… and see how you could have entered here and here and here". Don’t…
