I want to write a short followup to last week's article – First Pullback After Significant Structural Change. Email feedback during the week made it clear to me that some information which I'd assumed was obvious, was not actually obvious to all readers. And as with most assumptions, it's actually INCREDIBLY IMPORTANT. The article…
I don't often trade after midday Eastern Time. It's the middle of the night here and I'd much prefer to get some sleep. But from time to time I'm alert and awake and there is no chance I'd be able to sleep even if I tried. So I'll complete some of my post-session review…
Let's look at a tool that can help you manage the conflict between what you FEEL should be happening and what you SEE is actually happening. Particularly for those of us who prefer clean charts with price only. Here is the NASDAQ 5 minute chart from Monday 4th March 2019. You can't get an indication…
Lesson 1: When two trade ideas fail to work, consider a break. When three trade ideas fail to work, force a break. Lesson 2: When the pullback is deeper and stronger than expected, let it roll over. Get in on the other side. Lesson 3: An exit is not necessarily final. Remain focused and consider…
Part One is here if you missed it – https://yourtradingcoach.com/trading-business/my-go-to-method-for-solving-trading-problems/ In that article I presented a three question framework which I use to seek solutions to any of my trading problems. Can I avoid the problem? Can I reduce the frequency? Can I reduce the consequences? Or in simpler English: Is there something I can…
