Trading Strategies and Market Analysis
All right. I'm going to tell you guys, I've been doing this almost 20 years,
and I don't get it right every single day.
Okay? You know what the secret is to my trading?
I simply wait until everything lines up.
What profile are we in? Are we in a trending condition?
Are we in a consolidation area? I use that as my
building blocks, and then by using the market profiling to
give me the
in-initial clue as to where we may be trading, then I start looking at
actual individual market structure concepts on the three timeframes
that I use for
whatever type of trading I'm doing at the time.
Because I am dynamic, I move from one timeframe or
profile of trading to another. One week I may be simply a day trader.
In other weeks, I'll be a short-term trader.
One trader's bias may be bullish, okay, and they're looking for buys,
and that may exist inside the realm of another trader's sell bias.
They both can be correct and make money.
It's about being profitable. There is no black and white.
It's very important you understand that.
As a trader,
you must enter the gray
and be comfortable with the less than perfect visibility.
I'm still trading on the probabilities. There's no perfect scenario, okay?
Don't expect 100%. It's not going to happen.
Find your timeframe as a trader. Determine the market structure given for
that timeframe. Trade within that respective market structure and
perform your targeting on the highest and mid-level
timeframes. It's about consistently harvesting profits
out of the
marketplace, keeping risk low and your action
level low. Keep your trading controlled.
That way, you're going to control your emotions,
your expectations will be kept
realistic, and you're going to live comfortably in
the gray.
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