Candlestick Patterns – Candle Pattern Stages
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Self-deception – According to Kierkegaard – Part 1
I came across a great quote during the week, which has led to an unplanned continuation of our recent theme on self-deception. Original articles: https://yourtradingcoach.org/trading-process-and-strategy/a-new-market-model-the-market-is-a-self-deception-mechanism-part-1-of-2/ https://yourtradingcoach.org/trading-process-and-strategy/a-new-market-model-the-market-as-a-self-deception-mechanism-part-2-of-2/ The quote: “There are two ways to be fooled: One is to believe what isn’t so; the other is to refuse to believe what is so.†…Søren Kierkegaard There…
Metagame Entry – After You’ve Made a Dumb Trade!
I often talk about identifying the areas where “other traders†are trading in really dumb places. Places where they’ve found themselves trapped in a really low odds trade. Or trapped out of a position they wished they were in. Places of emotion – fear, anger, regret! These areas of the chart often provide us with…
Comfortable Lies and Uncomfortable Truths
“We do not err because truth is difficult to see. It is visible at a glance. We err because the lie is more comfortable.” … Alexander Solzhenitsyn Are comfortable lies holding you back from making progress as a trader? Is the time and effort you currently devote towards the comfortable lies, perhaps better spent…
There is a Lesson in EVERY Trading Session
There is not much that needs to be written on this topic. The title really says it all. There is a lesson in EVERY trading session. Your job, in maximizing your rate of development as a trader, is to find that lesson. Actually, there is more than one lesson in every session, but if you can get in the…
Context – Setup – Execution
Context, setup and execution. A good trade will have considered all three areas before entry. And a good trade will have elements of all three playing their part in the outcome. The best read on market context will be worthless if you’re choosing the wrong setup for that environment (eg. constantly fighting a strong trend)….
The Three Steps from TA Amateur to TA Professional
Amateur: Seeing price movement as simply… price movement. Step 1: Learning to see price movement as a result of a net orderflow imbalance. Step 2: Seeing orderflow as the result of individual trader decisions and actions. Step 3: Projecting forward to anticipate individual trader decisions and actions, within the context of market structure across…