Reader Question: “What are your thoughts on stopping each day at a daily profit target?“ Firstly, can I be a little harsh and say that this should not be a question. Test the idea on your own data. Look back at the last several months of trading and ask, “How would the equity curve change…
I realised during the week that two of the concepts we discussed in previous years could be combined in a way to help with intraday discipline. The First Concept: Don’t Break the Chain This was introduced back in 2013 via the following article: Don’t Break the Chain – A Simple Tool to Improve Consistency Please…
Narrow-range half-day holiday sessions provide great structure from which we can trade. We discussed this idea previously. You might recall this social media example from June. Zooming into the 30 minute chart from that prior (June) example, we see how the narrow-range session provides both directional preference and setup locations. I’m not a fan of…
