Let’s take a brief look at Monday’s daily chart from the E-mini Nasdaq futures (NQ). And let’s ignore any hindsight analysis, given that you possibly already know the outcome of this price sequence. The chart and subsequent discussion occurred at this point here (as did the writing of this post): And now, a comment that…
I’ve said many times over the years that one of the key parts of my edge is an ability to sit on the sidelines and WAIT for more favourable market conditions. Patience! If you think about it, you might expect to take tens of thousands of trades over the next few decades. So if the…
It’s trade time. Let’s do it! See here for full details on how to identify and trade this setup. And more importantly… why we take it. And there you were through the whole process, cool, calm and collected. Right? Ok, maybe not? More likely, pre-entry, you were consumed with doubt and hesitation. – “What if…
Trading – the Art of Managing your Imperfection within an Environment of Uncertainty! I seriously love this game. And the challenge it presents to us each and every day. Probes, tests, retests and all manner of chop in an ambiguous environment of constantly shifting pace, volatility and direction. And we enter this arena with a…
Let me cherry-pick a perfect textbook example of the concept I want to discuss today. This was the opening sequence from Monday’s NQ futures, 1 minute chart: Brilliant uptrend, right? Right? No? Ok, maybe a downtrend then? My hope is that 100% of you had resistance to the idea of this being an uptrend. I…
Let’s see if I can create a mindset shift in some of you, in the way that you view your trade entry decisions. This discussion comes about due to a question I received after last week’s article: Can we talk about your first trade? In the third image you said you took a small entry…
Let’s talk a little about mindset. Or more specifically about our expectations leading into the day. Because I suspect that the way I approach the game differs quite a bit from many other traders. The market has opened… It’s all about expectations. I expect a really tough day… and embrace the suck. Source: Wiktionary This…
On Monday, prior to the market open, I shared the following YTC article via social media – https://yourtradingcoach.com/trading-process-and-strategy/patience-at-the-open/ The title of the article is "Patience at the Open". And that pretty much sums up my intent in sending out that link. Simply trying to slow down the excitement and stop you jumping into the…
I don’t care how good your analysis is. There are NEVER any certainties that a target will be hit. So let’s look at a little technique which can help your decision making during both the trade planning and trade management phases. This article idea was prompted by some great email Q&A I received recently. Let’s…
Your mindset is either working for you or against you. To some degree, you get to choose. NOTE: An essential ingredient in operating with a mindset of wonder is a pre-acceptance of risk. We discussed this recently here. Before any trade you must pause to confirm that: A full loss on this trade will not…
