Simple Day Trading Market Cycle Drills #4: Trend – Trading Range – Trend
  1. Intro
  2. Goal
  3. Drill Instructions
  4. Conclusion

Intro

  • This is part of a series on learning the MARKET CYCLE. Many traders contacted me asking for ways to improve this part of their price action reading.
  • This drill helps a trader see trading ranges as connections between moves.

Goal

  • This drill can help you hold longer in swings.
  • This drill can also help you wait for second entries.

Drill Instructions

  1. Draw boxes around the whole move
  2. Now put a box (in a different colour) around the connectors between moves.
  3. Sharpen it up. Insert smaller trading ranges in the big spikes. Change weak spikes into larger trading ranges.
https://www.tradingview.com/x/sPW5x177/
https://www.tradingview.com/x/aum4JE1n/
https://www.tradingview.com/x/p1kFHCvr/

Another Example:

https://www.tradingview.com/x/jOle5ioD/

Conclusion

  • Trading ranges are often continuation patterns in larger moves and not a reversal
  • These drills can help improve your confidence in holding swings.

I hope you enjoyed that drill! Please let me know in the comments if you found that valuable.

Leave a comment

I’m Tim

Welcome to Zen Trading Tech.

I’m a Aussie day trader and I post trading tips, practice drills, and indicators that helped my trading get to a professional level.

Everything here is to help train the eyes and hands to trade better. If it helped me I’ll post it for others. Hope you enjoy!