Zen Trading Tech

Intro

• In this series I will review trades sent in by other traders who have asked for feedback
• I really appreciate their courage to do so, so we can all improve!
• Not enough of the trading community do this – I will also review my own good and bad trades.

Process to Review Trades

• Market Cycle
  • Trend vs Trading Range – Always in?
  • Did the trade match the structure at the time
• Entry – Strong / Weak / Mistake*
• Scale-ins / Add-ons – Strong / Weak / Mistake
• Exit – Strong / Weak / Mistake

• Strong = I would do it again
• Weak = I would not do that again exactly
• Mistake = Execution error

Video

• I made a video on this here:

Trade 1:

Suggested exercises to practice:

• Spike and H1 video
• Which entry for which trade? Buy the close, Buy 1 Tick above the High entry
• Reversals
• Did not exit the High 2 when it failed
• Scaled into a failed trade / opposite breakout
• Exit criteria – Exit on breakout + follow-through would have been earlier by one bar

Trade 2:

Suggested exercises to practice:

• Missed the wedge bottom reversal entry
• Always in – Swing point not broken – so still bearish
• Market Cycle needs work (Trend -> Trading Range -> Trend)
• Scaling in makes no sense – buying bear bars when always on short
• Intrabar scaling-in
• How to trade a Trading Range

Trade 3:

Suggested exercises to practice:

• Breakout and pullbacks
• Scale ins
• Keeping the original trade and not changing it mid-way through the trade.
• Confusing breakout trading with trading range trading

Conclusion

• A big thank you to those traders who kindly let me review their trades.
• If you would like me to review your trades here please get in touch.
• Practice this on your trades for last week and I guarantee you will start to move the needle on your performance.