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Continue reading →: Trader Skills #6: Micro Timeframe (LTF)Summary – Practice seeing the timeframe below your trading time to improve entries and exits. – A High 2 on the 5 min might be a wedge bottom breakout pullback on the 1 min chart. – Practice until you do not have to zoom in. Example:
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Continue reading →: Trader Skills #4: Two AttemptsIntro If at first you don’t succeed. Try again! In our PA training we learn to look for two attempts. We look for a 2nd reversal. Now sometimes this 2nd reversal attempt gets a test, we call a 3-push pattern / wedge but really I see it as a test…
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Continue reading →: Trader Skills #5: The 80% RuleSummary – 80% of reversals fail in Trends – 80% of Breakouts fail in Trading Ranges – Having guidelines for determining what we are in on the trading timeframe helps increase probability and point count. The Second Entry – A common entry technique relates to the “2 attempts” principle. This…
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Continue reading →: Trader Skills #3: Traps and Escape HatchIntro – What is a trap? – First, it doesn’t really exist. There is no external force trapping anyone. Paranoia will not make trading easier. – Because no one knows what the next bar is, it is always a surprise. – Good traders understand probability and have a range of…
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Continue reading →: Trader Skills #2: Urgency – Big BarsIntro Big Bars – Explanation: Urgency – Explanation: Here is a video for the indicator: Mark up example: https://www.tradingview.com/x/6y8bjqaG/ https://www.tradingview.com/x/b9X8bxEy/
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Continue reading →: Indicator: GapsHere is a gap indicator I put together. It shows gaps of many kinds: Link: https://www.tradingview.com/script/kydtsICb-Zen-Gaps/
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Continue reading →: Indicator: Reversal and FTIndicator and link Link https://www.tradingview.com/script/smrTSvcf-Zen-Reversal-and-Followthrough-Rev-FT-Research Concepts One of the main principles of price action trading is that of 2 attempts. – This applies to breakouts – This also applies to reversal attempts. Here I will discuss reversal attempts. Putting it together Like any discipline, once we understand one concept on…
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Continue reading →: Indicator: Microgap Reversals (MIG Reversal)MIG Reversal – Bull MIG Reversal – Bear See earlier post for the download for the indicator. Set indicator settings to:
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Continue reading →: Indicator: rEMA (Rainbow EMA)Credit to Ali Moin-Afshari for his awesome material here. This indicator colours the moving average (MA) when there are consecutive bars. It helped me to stop making so many mistakes at the MA. Link is here. https://www.tradingview.com/script/pQlmaHqq-Zen-rEMA-v2
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Continue reading →: What is Zen?Intro This question has fascinated me since I was child trying to read my Dad’s book about it. That’s 30+ years. My best answer right now is: Zen is a lifestyle meditation. Zen is also my nickname Given to me by my martial art brother Double Dragon, 15 years ago.…
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Continue reading →: Trader Skills #1: Drill ListIntro Today I did a workout from La Serra High School PE Program – it was a system developed in the 60s. But by doing it everyday, the high school kids could complete physical feats in under one year that most pro athletes cannot do today. It got me thinking…
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Continue reading →: Indicator: 3 Consecutive Bars– This indicator helps identify sets of bars for designing trading strategies. – It can help identify breakouts for trading a second leg in that direction. – It can help identify spikes, for spike and channels trend entries. – And the opposite – it can help find spike failures and…
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Continue reading →: Indicator: Trading the Open – Consecutive barsHere is an indicator which highlights if the first 3 bars are in the same direction. You can use it to research opening strategies. Strategies to consider: – How often does the first move fail? 50% – How to get in? One way is to put a 3-Split Fib on…
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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