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Continue reading →: How to Identify Spike Patterns in TradingVideo I made a video here: Indicator Click here to find it Spikes 3 CSC bars indicator 1. Mark Up 3 Consecutive Bars 2. How Often do they have 2nd legs? So now you can see how good important it is to trade in the direction of the spike The…
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Continue reading →: Unlock Breakout Potential with an Indicator for Stop Order Entries
Intro Indicator Key Features: How to Use:
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Continue reading →: Mastering Trendline Breaks for Effective Trading
Intro Video Drill 1: Trendlines – Break- Test or not? Instructions Drill 2: Trendline Break, New High, Reversal Instructions Drill 3: Trendline Break on the Open Instructions Drill 4: Moving Average Break Instructions Conclusion
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Continue reading →: How To Use Al Brooks EncyclopediaIntro Video Check out the video here! Finish The course Get an Index! Each Pattern is a Failed Opposite Pattern https://www.tradingview.com/x/8BcYpLxE/ Are you looking for a pattern or a whole day? Use it on the open Most Common Slides Conclusion
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Continue reading →: Trading Skills #31: Breakout H1 / L1
Summary Video Link Drill 1: Find H1 / L1 (Stop Entry) Instructions Drill 2: Find Weak H1 / L1 Instructions Drill 3: Going below a H1 / above a L1 Next Video
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Continue reading →: Trader Skills #30: Wedges – 3 Push Patterns
Intro Video Leg Counting: 3 Ways Instructions for Drill: Various Other Notes on Wedges Conclusion
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Continue reading →: Trader Skills #28: Is YD a Good Signal Bar?
Premise This explains how we can use the DAILY chart to help us find swing setups on the open and the rest of the day. Video I made a video below with many examples The 6 Decisions Towards the end of the bar, traders are finalising 6 decisions. These decisions…
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Continue reading →: Trader Skills #27: 60m Bars – What did traders do?
Video Intro Welcome to the exciting world of ES price action trading! If you’re like me, you’re always on the lookout for new ways to up your trading game. One trick I’ve found incredibly useful is using 60-minute bars to guide my trades on the 5-minute chart. It might sound…
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Continue reading →: Trading The Open: Open in YD range?
Concept Video Research Open in YD Range https://www.tradingview.com/x/15IExX57/ Open in YD Range – YD Channel Open outside YD Range – Breakout Open outside YD Range – Sucked back in The Daily Chart Conclusions
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Continue reading →: Indicator: Breakout and FT: Close > Prior HighVideo Intro This indicator is to TRAIN the eyes to follow the direction of the strongest breakout and followthrough. It is also a good indicator or market structure: The Zen Breakout and Follow-through indicator is designed to identify and highlight price action relationships using simple, clear visual signals. Use this…
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Continue reading →: Trader Skills #26 : Leg CountingIntro In price action trading we look at relationships. As price moves in pulses / waves we look at their relationships to each other and what came before it. In the hope to profit from what comes after it. Counting these helps improves our price action reading skill. This can…
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Continue reading →: Practice Drills #2
Todays research ideas I reviewed: 1. Tight channel, break trend-line, new low, reversal 2. Which side is controlling price and time more clearly? 3. Have those limit order traders got a profit targets to justify their risk? 4. Pullback = actual risk => target 1 – 2x aRisk 5. Traders…
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Continue reading →: Practice Drills #1:
New style of post. I research other traders I like and take notes. I watch webinar recordings, read their books, videos, whatever I can find. Then I use those notes as my homework for the day. So for each item I will do a certain # of charts or #…
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Continue reading →: Letting Go
Intro One of the great things about trading is that it is constantly teaching me to let go. I cannot control the outcome no matter what. I can control the process. I can select a reasonable entry. I can select the correct stop. I can select as appropriate target based…
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Trading Skills #25: 60m targets on the Open
Published by
on
Continue reading →: Trading Skills #25: 60m targets on the OpenI’m hoping this little piece on 60m targets from the ETH and RTH into the open will help you swing for the fences! ETH 60m session top left RTH 60m session bottom left Little lines on the 60m charts (Left) are 1R targets. By aligning myself with these targets I’m…
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Continue reading →: Trader Skills #27: Emotional Training in TradingIntro Today’s post comes from a friend who asked me to review his trades. It takes courage to do this. I don’t like doing it, but I’ve trained myself to do it anyway. I have used the information to structure a formal post. It has recommendations and lacks anything personal…
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Trader Skills #24: Weak SB Good FT | Strong SB Bad FT
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Continue reading →: Trader Skills #24: Weak SB Good FT | Strong SB Bad FTPremise This review focuses on the follow-through bar (FT) and market trends. It identifies if the market is in a trend or trading range. Traders make decisions based on context and the signal bar. Context or the trend matters more than the signal bar for reversals, not trends. A strong…
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Continue reading →: Trader Skills #23: Trading Ranges Second EntriesSummary – Trends BO and FT – Trading Ranges don’t – so they fail and reverse and FT – So fading BO’s in the TR is the key skill to develop Investigation – In the chart below, you can see one side DOESN”T get the 2nd entry… that’s a sign…
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Continue reading →: Trader Skills #22: Pullbacks after 5 – 6 barsIntro This is a funny one. I’m not sure if it is one of the RAS (Reticular Activation Systems) things where once you hear about it you find it everywhere. Seeing what you wanna see is a classic trader error I have to be aware of in myself. Either way…
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Continue reading →: Indicator – Breakout OverlapChart Link https://www.tradingview.com/script/azz12NIL-Zen-Breakout-Overlap-v1/ Summary How to use: Enjoy!
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Continue reading →: Trading Skills #21: Spikes – H1/H2, L1/L2 and Failure– One of the key skills I need to day trade is the ability to distinguish between a trending environment and a trading range environment. – One way to do this is using Al’s inertia concept “In a trend, 80% of reversals fail. In a trading range, 80% of breakouts…
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Continue reading →: Indicator – Spike BreaksIntro Please find a spike break indicator for research Indicator https://www.tradingview.com/script/EcZyPa3A-Zen-Spike-Break-v1/ Code For those that are interested the code is here. //@version=5 indicator(‘Zen_Spike_Break_v1’, overlay=true, max_lines_count = 500) bool plotspiketermination = input.string(“On”, “Show spike termination?”, options = [“On”, “Off”]) == “On” bool plot4H_or_4L = input.string(“On”, “Show 4 Highs or Lows?”, options…
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Continue reading →: Trader Skills #20: Trading Ranges: Failed BO + FTExploring the impact of a failed BO + FT (Breakout and Followthrough) outside of key magnets (OHLC today / yesterday) and how we can use it to take TR (Trading Range) entries in a TRD (Trading Range Day) Summary from below research: – Failure to get BO+FT highly related sign…
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Continue reading →: Trader Skills #19: Explorations in 2R– The Risk of Ruin chart below clearly shows how difficult it is to blow an account getting 2:1 actual or initial risk. – If anything, most newer traders have high hit rates (scalping / closing before targets) but have largest loss > largest win and average loss > average…
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Continue reading →: Trader Skills #16: Trading Ranges – RIP A once good trader lies here…Ah you were my first love. Then we had a strong breakup. Now whenever we are together it is extreme! To be with you cost me a lot of money. But that investment was the best one I ever made. I have learned more from those days than any other.…
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Continue reading →: Trader Skills #15: Breakout tradingHere is an ongoing post where I am exploring different aspects of breakout trading. Firstly I look at a qualifying leg and how it impacts what comes next. Secondly I look at breakout gaps (low overlap with prior bar) as a micro-guide to the qualifying leg concept above. Lastly I…
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Continue reading →: Trader Skills #14: Doubles (DT and DB)– This week was an interesting week for the classic double top and double bottom trades. – In fact in uncovered some flaws in my own price action reading that I believe will be valuable for me, so I’ll try and articulate them as best I can for others. –…
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Continue reading →: Trader Skills #12: The Bear ChannelAh my old friend. You were there when I removed money from my account again and again. What makes you so persistent? Ways to trade a Bear Channel – Follow the breakout and catch a second leg – Wait for any 2nd reversal to fail – Reduce the timeframe to…
Hi,
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!
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