Trading Process and Strategy

The Market Rhymes (AKA Don’t Screw Up the Second Opportunity)

Monday… let’s start with some higher timeframe action… Error 1: I was blinded by one of my favourite pre-session signals; a trap right before the open. And an expectation that this trap would spring completely and help to drive price higher. Error 2: I failed to consider the alternative – “What if I’m wrong? What…

Trader

Before you Beat Yourself Up over a Session Loss, consider this…

It’s been a week of incredible opportunity and incredible challenge. We discussed the challenge a little on social media, with some good lessons that I thought should be shared through this channel as well. This social media post struck a real chord with viewers, in comparing the opportunity from Monday and Tuesday and discussing how…

Trader

The Reassess Point

Some days the markets are just messy. Choppy price action which does it’s best to whip you out of a trade before it moves on without you. The best way I’ve found to manage this (apart from just standing aside) is to accept the chop and work WITH it through focusing and finding a re-entry…

Trading Business

One Week – Five Innings – Show Me How Good You Are!

Let’s return to the sporting world… because there is so much we can learn from the way that professional sport manages mindset and performance. In particular today, let’s consider the half-time team talk. The team has walked from the field and is back in the locker room. You’re the coach. You’re responsible for guiding this…

Trading Process and Strategy

Layered Levels of Support or Resistance – 2

Let’s do a quick followup to the recent article on Layered Levels of Support or Resistance. Because there was an email response that I think is worth sharing. – – – Email: Lance, you’re a legend. Your timing is perfect. I’ve been trying to trade off major daily levels (prior days highs and lows, overnight…