For serious Price Action traders, true skill enhancement doesn’t happen by chance; it relies on a deliberate feedback loop.
This structured process ensures correct thinking to improve your trading, where the output of each stage feeds into the next.
Here is the essential five-step continuous improvement loop you must use to refine your trading skills:

1. Memorise
Improvement starts with data collection. You must track individual trades.
If you can’t remember what you did, good luck improving it!
This step involves documenting the factual elements of every trade:
- On a chart mark the entry, exit, and stop.
- Capture the key data you want to review. Maybe its context, setup, signal or other. For me I like to check whether continuation/reversal, always-in/trading range, volatility, points, initial risk, result
This initial effort creates the factual foundation necessary for meaningful analysis.
There are several ways to do it I have outlined elsewhere on my blog you can access.

2. Analyse
Once your data is recorded, you must review it thoroughly.
The goal here is to move beyond focusing on single outcomes (isolated events) and instead concentrate on consistent patterns.
During analysis, you should actively identify recurring:
- Behaviours
- Strengths
- Errors
- Market conditions
- Weak execution
I like to turn the data into graphs or pivots to speed this up like below:



3. Organise
Raw analysis needs structure. This step requires turning your observations into structured notes.
To organize effectively, you can create headings to group your findings:
- Setups
- Management techniques
- Errors
- Strengths
- Context
- Timing
For example below I can see the setups that relate to the majority of my trading business.

4. Decision
This is the critical step where understanding transitions into actionable strategy. You must first prioritise the issues by impact.
Once prioritized, resist the urge to change everything at once.
Instead, select the one or two changes that matter most.
The final action in this phase is to convert that priority into a clear, specific rule or adjustment that you commit to applying.
For example:
“Next week I am to focus on taking 75% Always in continuation trades, and focus on winners being 1.5 x my losers.”
5. Implement
Take the specific rule or adjustment you decided upon and apply it in live or practice sessions.
The implementation phase is purely focused on tracking results. You must actively track whether the chosen change successfully improves consistency.
Once you have implemented and tracked the results of your change, the entire process must loop back to Step 1.
This continuous commitment to recording, analyzing, prioritizing, and applying specific adjustments is the true mechanism for professional growth in Price Action trading.
Thanks for reading, Tim F.







Leave a comment