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26/02/2020
Trading requires focus and an awareness of what you are thinking and feeling whilst in front of the charts.
Unfortunately if moments of distraction and weakness sneak up on you this could result in giving back all the hard work and gains made.
Try to be aware of your thoughts and emotions when trading
A quick look into the structure of a trade using supply and demand zones along with price action candlesticks to identify a potential trade.
The tip to take away is that it’s not about trying to guess the next direction of the market and enter a trade half way between price zones. Instead be patient and wait to see a clear rejection at either of these zones then look to the trade plan for entry, stop, target 🎯
18/02/2020
It’s very easy to become influenced by what others are trading, slowly you move away from your own method and “think” you know which direction and how far the market will go next.
This is dangerous and can destroy your account if you’re not aware of what’s happening.
Trade your method and trade what you see
18/02/2020
An important lesson that every trader has to learn along their journey is to “trade what you see and not what you think”
It’s easy to get distracted and move away from your trading method and focus on what you think will happen next instead of focusing on what the charts is telling you at that moment in time.
It goes back to being disciplined and following the plan
13/02/2020
Why does this work and do pin bars (rejection candles) work every single time?
The short answer is NO they don’t work everywhere every time.
If you look at a chart you will see multiple failed pin bars, the important thing is to line them up with key support & resistance levels or at major supply & demand zones.
How far the market will travel after the rejection is another question but being able to identify this particular price action setup is an important part of trading analysis
Hope this helped someone, good luck in the markets
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12/02/2020
This is price action showing us a pin bar rejection off of a key resistance level. They don’t always look as clean as this, in most cases the following candle will travel a portion of the way up the pin bar.
The main points to remember are that price reached a key level in the market.
The candle previous to the pin bar couldn’t push through, then the pin bar closed below the resistance line.
The next candlestick after the pin bar made no attempt to break higher and closed below the pin bars low.
Price soon fell to the downside as expected.
07/02/2020
Another weeks trading returning a +4% gain. We can’t avoid losing positions in the market, there’s winning trades and there’s losing trades but maintaining a cool consistent focused approach with the right psychology is what returns those percentage gains
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