We all love those trades that move straight from entry to the target. But unfortunately that’s not always the case. Sometimes the market likes to remind us that it doesn’t give a damn about our expectations. And that it prefers to instead screw around with our mind and emotions, to see if it can chop…
Let’s start with an excerpt from a comment on last week’s article “Trading after Structure has Formed – 3“. “In the winning trade from yesterday’s post I’m wondering why you take partial profits so early. Your eventual exit is maybe five times further. This is not the first time I’ve noticed this in your trades….
International football (soccer) is one of the few things that I will allow to interrupt my trading. I have no idea why I would encourage such masochistic behaviour. Following Australia in the international arena is more often than not a frustrating and disappointing way to spend my time. But it is what it is. And…
Monday provided a beautiful example in the NQ daily chart of an overextended market pausing with a narrow-range inside day. Volatility contraction! A place of opportunity for those who’ve seen it before and who’ll be ready to react. And a place of learning for those who are new to this game. So I sent out…
It’s trade time. Let’s do it! See here for full details on how to identify and trade this setup. And more importantly… why we take it. And there you were through the whole process, cool, calm and collected. Right? Ok, maybe not? More likely, pre-entry, you were consumed with doubt and hesitation. – “What if…
For something different, let’s look at two trades sent in by a reader who is trading the YTC Price Action Trader strategy. Because there is one aspect of their email that I ABSOLUTELY LOVE. More on that later. First, the email I received on Monday… – – – email extract – – – Hi Lance,…
You may recall the first trade in the sequence we discussed last week. (See last week’s article if you missed it!) This one here: This led to a comment I quite like, which I think deserves a better response than I gave at the time. Great question! There are some contextual reasons why I was…
Trading – the Art of Managing your Imperfection within an Environment of Uncertainty! I seriously love this game. And the challenge it presents to us each and every day. Probes, tests, retests and all manner of chop in an ambiguous environment of constantly shifting pace, volatility and direction. And we enter this arena with a…
Let me cherry-pick a perfect textbook example of the concept I want to discuss today. This was the opening sequence from Monday’s NQ futures, 1 minute chart: Brilliant uptrend, right? Right? No? Ok, maybe a downtrend then? My hope is that 100% of you had resistance to the idea of this being an uptrend. I…
We have talked a LOT over recent years about the importance of reviewing trade stats in GROUPS. And using this analysis to drive our growth and development. This simple concept here: I still believe this is the best way to monitor the health of your business and to drive improvement. Small groups, occurring regularly. With…
