Although we trade very differently, I am quite a fan of Al Brooks first book, "Reading Price Charts Bar by Bar". One of his quotes which has stuck with me over the years is the following: Countertrend setups in strong trends almost always fail and become great With Trend setups. This quote came…
The market opened and settled quickly into an uptrend. It was an environment I found difficult to trade for some reason. Decision making was poor. And I just couldn't get in sync with the price movement. This was a fact that became clearly obvious after two suboptimal trades (small profit so it's all good)….
Some days the market offers complete rubbish. Monday was one of those days. So far we mentioned the following price action clues which helped form my decision to stand aside and watch and wait for better conditions. Overlapping price bars with little directional conviction Plus narrow range price swings Both combining to form…
On Tuesday I shared one of my older facebook posts via social media. Copied here: Repeating the key points for effect: Learn to survive… and even occasionally profit… in the times when your read of the market is wrong. And that will leave you with confidence to attack the opportunity available at the…
