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…
Let’s talk about Market Structure and Price Action study, commencing with a question I received on Thursday – Do you still do daily study of market structure? And my response, sent out via social media: A followup comment from the original questioner… “I’ve tried this in the past but not been able to stick with…
Traps immediately before the open… we've discussed them a number of times over the last year. Here are some of the previous discussions, if you missed them: https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open/ https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open-2/ https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open-3/ And you'll probably find a few more examples if you scroll back through the social media feeds. The thing is though – the…
I want to share a simple process used by a reader in addressing a recurring problem in his trading. I was happy to see him use this approach, because it references a post-session technique I shared quite a few years back. And perhaps it will be useful to you as well, in ensuring compliance with…
I posted the following image on social media on Tuesday, showing a nice example of a false breakout and reversal from a period of volatility contraction. The important point though… and the one which offers the most value to you… is not the image itself but rather the text that was posted alongside the…
If your progress has stalled in any way, it is just SO IMPORTANT to realise the following truth: Progress comes from your growth and development plan, not from your strategy. This just won't work: Hoping, wishing and praying doesn't work. Just trying harder doesn't work. You need something ACTIONABLE. Let's fix it NOW: STEP…
Close your eyes and imagine a really bad trading session. You might have a recent example you can use. Or if not, just make one up. The details don't matter. They'll vary for each of us. Just make it bad. Maybe this: "I drag myself into the office and throw my bag on the floor….
There are some common themes that run through the articles I produce at YTC. One of these, which has been here since the beginning, is the importance of creating a Market Structure & Price Action Journal. Every day, find something that amazes you in the charts. Print it out. Cover it with notes. Study it….
Here is another way to track and review trades… with a classification system that makes it a little bit of fun! During your post-session review you classify them into one of three categories: The Good – Trade ideas which DID have edge and were well managed. The Bad – Trade ideas which DID have…
You might like to consider your review process as the vehicle which drives your trading business to its ultimate destination. Whether that destination is ongoing improvement and eventual success… or continued mediocrity, frustration and failure… is completely up to you. If you've got nothing in place, here is a simple process to get you…
