You Can Do This!

    My aim in this article is simple – to stop you “tweaking” your approach based upon the results of 2-3 trades. So, what are your stats for the last twenty trades? You don’t have any? Perhaps that’s the problem. Start recording stats now! Or were your last twenty trades inconsistent with respect to…

Every Price Interaction with Support or Resistance is Unique

The following image was posted a few days ago on facebook and received more "likes" than any other YTC facebook post so far. So I thought we should examine the concept in a little more detail. (By the way… see here for YTC Facebook if you're not already following it: http://www.facebook.com/yourtradingcoach)

Don’t Break the Chain – A Simple Tool to Improve Consistency

Successful traders do a lot of work away from the charts. Over the last five years I've been asking you to join their ranks. I've asked you to create and use a Market Structure Journal – https://www.yourtradingcoach.com/products/ebooks/the-greatest-trading-book-ever.pdf For YTC Price Action Trader readers, I've expanded that to include a Motivation Journal, a Lessons Learnt Journal…

Post-Session Chart Review

We recently shared some post-trade reviews from Josh, who is doing exceptional work in creating a trade review journal for his longer timeframe forex trading (daily charts). See the trade reviews here if you missed them: https://www.yourtradingcoach.com/trading-business/Trade-Review-Examples/ But a trade review journal is not the only option you have. Today I'd like to share a…

Trade Review Examples

The following trade review examples have been taken (with permission) from some email conversations with Josh, a trader of the YTC Price Action Trader methodology. He's still in the early stages of his development, developing confidence in his strategy and processes through historical chart review. He's doing this using ForexTester software which allows for trading…

Are You Creating and Using Your Market Structure Journal?

Are you creating and using your market structure journal yet? If not, why not? (If you're not aware of what that is, why not? It's on my ebook page. See "The Greatest Trading Book – Ever!" at https://www.yourtradingcoach.com/ebooks/) It doesn't matter which market or timeframe you use. Market structure concepts apply to all markets and…

Reviewing Old Charts

Reviewing Old Charts (AKA… "I can't believe I held the trade past that stop loss") I highly recommend keeping ALL your old trading charts and journal notes. They're great to review each now and then. Not only do they offer educational value but they also offer a source of motivation in allowing you to see…

Winning Through Losing Better (2 of 2)

Last week we examined losing trades from a mindset perspective (see here for article 1). This week, let's examine a different aspect of "winning through losing better" – using losing trades as a source of improvement. Wherever you currently sit on the P&L scale, whether consistently in drawdown, stuck at breakeven, or achieving some degree…