Let's examine the opening hour and a half of the emini Dow from Tuesday's session. As seen in the charts below, the session commenced with a sequence of trades where I was out of sync with the bias of the market. And then another when I was completely in tune with the market. Ok,…
I'm always VERY interested in these places on the chart – the places where price can't go. The places where it tries… it pushes… but it just can't go there. This is opportunity. Let's start with the Higher Timeframe chart… Let's switch now to the trading timeframe… Reference… this is a BOF Setup as described…
This short article is to share some excellent Q&A following our recent series on “patience”. Check out the prior articles if you missed them: Part 1 – https://yourtradingcoach.com/trader/patience-is-a-key-component-of-your-edge-part-1/ Part 2 – https://yourtradingcoach.com/trader/patience-is-a-key-component-of-your-edge-part-2/ In particular, it relates to last week’s trade sequence: Q. Why did I not enter SHORT on the initial rejection of session…
This short article is to share some excellent Q&A following our recent series on "patience". Check out the prior articles if you missed them: Part 1 – https://yourtradingcoach.com/trader/patience-is-a-key-component-of-your-edge-part-1/ Part 2 – https://yourtradingcoach.com/trader/patience-is-a-key-component-of-your-edge-part-2/ In particular, it relates to the period of "emotional reaction" in last week's trade sequence: Q. Won't I be annoyed if…
Last week we discussed the idea that PATIENCE plays an important role in trading. A key component of edge comes from recognising and accepting that you do NOT have to trade every price sequence. When the bias is unclear, stand aside or trade another market. When the pace of price flow is too fast or…
