At times it's all too easy to get caught up in the complexity of this business and the frustration that comes from trying to extract profits from the uncertainty of market action. It can help, during these times, to step back a little and choose to view the game in a simpler way. Of…
An expert level understanding of price action and market structure will not come through books. It comes through experience in the live markets! It comes through direct observation! And it comes through questioning anything new or unusual you see in the charts. Kind of like the Scientific Method! And exactly the process we've…
Question: “As a discretionary trader, how do I define my edge?” Answer: Here are some ideas: Strategy development: YTC Price Action Trader Work on psychology: My Daily Trading Psychology Routine Improve the recording of your stats: Trading Journal Spreadsheet Replay and Review prior sessions: What is Market Replay? Develop your Market Structure Journal: This…
For the last seven years I've been highly recommending traders keep a Market Structure Journal for recording and studying any interesting market structure and price action observations. In my opinion this will become the greatest book in your trading library, by a long margin. Certainly the most valuable in terms of quality content. Every…
