Im going to do a series of posts that are all about trade planning and learning about consistency and discipline through a practice. In this exercise, I will be consistently planning, executing what I planned, and documenting 30 trades. A trade plan consists of a method, trade management, position sizing, documentation and review. A trade plan should state ahead...
Market Structure is simply making distinctions in price flow. its putting structure around what looks like chaos so that we have a way to measure and orient ourselves to any market in any timeframe. When I look at a market, I want to see objectively in swings. Swings are the common thread that weaves through all markets and timeframes, providing a clear...
Patience in trading is the discipline of being with your restless energy when things aren't happening they way you want them to. If we are to be patient, we must know what it is we are being patient for. That is part of what making a trade plan is all about. I know I’m being patient for the conditions of my setup to line up. After that i know I’m being patient...