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 of historical charts…
“Fortune favors the prepared mind.” … Louis Pasteur In a recent article I discussed the importance of regular study of market structure and price action. See here if you missed it – https://yourtradingcoach.org/trading-business/a-simple-step-to-becoming-a-better-trader/ After every trading session, find something you can learn from. Perhaps a market structure feature. Perhaps an interesting sequence of price…
A key component of my trading documentation is my Lessons Learnt Journal – a collection of insights organised into numerous trading-related categories. It creates a great tool for both formal review and learning, and also for casual reading whenever I’ve got a spare few minutes. Within this invaluable resource, and amongst the numerous market structure and price…
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…
Here’s a documentation & learning tip which can really add significant value to your trading knowledge, and in time to your level of skill and confidence. Create and maintain a knowledge base documenting everything you know about every aspect of market environment: How to recognise the environment / the features of the environment. The nature of price…
(1) My Focus is on the Metagame Most price action traders are focused on the patterns that result from price movement, in the expectation (hope) that these patterns will lead to further price movement, just as the textbooks say they should. But what they’re missing is the deeper level of understanding. I don’t play this…
