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…
I think it's time we revisited a topic we discussed a few years back. The fact that an individual trade does not provide sufficient data to allow you to make informed changes to your plan. Changes MUST consider the impact across a series of trades. I see this problem repeatedly in email conversation with new…
Here's a little post-session exercise which may help stretch your performance to "never-before-reached" profit levels. Pick a target just above your all-time-high for a trading session. Whatever that is – $100, $500, $1000, $5000 or more. And ask yourself the following. Looking at the chart for today's session, with the benefit of hindsight, how…
I sent out the following post via social media earlier this week. It's a theme I've pushed quite a bit over the last few years because I feel it's incredibly important. No matter what markets you trade. No matter what timeframe you trade. No matter what strategy you trade. There will be price sequences…
This recent social media post is just SO IMPORTANT, I thought we should expand upon it and get the ideas out to the whole YTC audience. This is just a perfect example of a growth mindset, viewing losses as feedback that serve to drive further improvement and growth. There are two things that I love…
I received the following message via social media late last year. I am frustrated. Despite all knowledge on stock analysis, momentum indicators, writing journal I make losses. Whereas I know person with nothing of these making huge profits everyday. She goes and buy stock and it would fly higher. When she sells stock would…
I receive a LOT of requests to review people's trades. Rarely winning trades. Almost always a trade which either lost or was scratched at or near breakeven. "Was this a good trade?" "Was I right to take this trade?" "Should I have (entered earlier / entered later)?" Or any other variation of these type of…
Never judge a missed trade by how it looks AFTER THE SESSION. Always judge a missed trade by how it looked AT THE RIGHT-HAND SIDE OF THE SCREEN AT THE TIME OF ENTRY. This article is in response to a question I received based upon the following image, from this prior article – https://yourtradingcoach.com/trading-process-and-strategy/how-do-you-find-time-to-plan-a-trade-on-a-1-minute-timeframe/…
A great way to learn to read price action is to review your historical price charts, with a focus on the price action at key structural locations. Find and review anything which fits these categories. tests of significant levels breaks of significant levels traps transitions between trends and ranges transitions from volatility contraction to expansion…
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…
