Trading Process and Strategy

Layered Levels of Support or Resistance

I love layered levels of support and resistance (multiple levels within close proximity). A primary reason is that they simplify our trade plan. There is no doubt about the direction that we’re looking for trade opportunity. Like last Monday… Keep an eye out for layered levels of support or resistance as you establish your S/R…

Trading Process and Strategy

When the Pullback Hits Harder than Expected

  Pullbacks… a simple retracement structure depicted in textbooks as smooth flowing and simple to read. Reality though, is usually not so kind. Far too often these pullbacks will be a mess. Full of chop, false-starts and stop-outs. Or unexpected and sudden shifts in pace or volatility. Price action seemingly designed to confuse you and…

Trading Process and Strategy

Don’t Chase the Missed Entry… Unless Price does This…

The session begins… Don't chase the missed entry. But remain focused. Because sometimes, while price has still not reached the expected target area, it might offer a nice lower timeframe structure. Something that you can lean an entry against, which offers an acceptable level of risk. Something that still offers potential rewards, sufficient to justify…