Static fixed entries in a dynamic market
Static fixed entries is a solution in creating a healthy energetic mental state(efficiency)
Dynamic market structure knowledge is the solution in creating the biggest technical probability enhancer there is(effectiveness)
But how to combine these two? This will be the essence of this topic so if you are interested... read on!
Market structure & Mental efficiency
A lot of topics are aimed at discussing technical entry triggers. What technical elements are giving that higher win probability?Often enough mental aspects are completely disregarded. I am not talking about mental aspects in the sense of what to undertake when a losing streak occurs.
I am rather talking about the system itself. How do you keep your energy at a sustainable level for the day in order to be fully focused on your trading session? In what way is this implimented in your tradingsystem? How do you avoid chasing price with your system? Especially when it comes to people daytrading/scalping the lower timeframes.
Price action in general is one of the most appraised ways to trade off. Systems based on this however often disregard the fact that price action alone causes the trader to chase price more often and see things they WANT to see. Especially when it comes to daytrading fulltime behind your screen. Your unconscious awareness will make you see things you want to see and in further absence of patience will make you enter before market movements have even fully developed. Keep in mind that overtrading and early entries are the most common mistakes new traders tend to make.
Mechanical triggers biggest advandage is creating time intervals in order to keep you in a healthy mental state for the remainder of your trading session. Only when your mechanical trigger goes off you will watch market structure with a clear mind without the mindset “my patience must pay off!”.
Pure price action alone does not have this advandage and requires tons of discretion ( which eventually you will need anyway ), but will allways drain your energy more than a mechanical system would do so. Especially when scalping of price action and orderflow for fulltime days behind your screen. Results will therefore dramatically be decreased because of this fact alone.
The “holy grail” will arrive when you are able to create your own system that is not only based on rapidly changing dynamic market structure, but also based on mechanical triggers that will help your mental state.
This topic is aimed at traders trading purely off market structure/price action/orderflow while trying to build in mental sustainabilities into their trading system. Like earlier mentioned: How do you create static fixed elements in a rapidly changing dynamic market yourself? Let’s discuss this matter!!
Static fixed entries is a solution in creating a healthy energetic mental state(efficiency)
Dynamic market structure knowledge is the solution in creating the biggest technical probability enhancer there is(effectiveness)
But how to combine these two? This will be the essence of this topic so if you are interested... read on!
Market structure & Mental efficiency
A lot of topics are aimed at discussing technical entry triggers. What technical elements are giving that higher win probability?Often enough mental aspects are completely disregarded. I am not talking about mental aspects in the sense of what to undertake when a losing streak occurs.
I am rather talking about the system itself. How do you keep your energy at a sustainable level for the day in order to be fully focused on your trading session? In what way is this implimented in your tradingsystem? How do you avoid chasing price with your system? Especially when it comes to people daytrading/scalping the lower timeframes.
Price action in general is one of the most appraised ways to trade off. Systems based on this however often disregard the fact that price action alone causes the trader to chase price more often and see things they WANT to see. Especially when it comes to daytrading fulltime behind your screen. Your unconscious awareness will make you see things you want to see and in further absence of patience will make you enter before market movements have even fully developed. Keep in mind that overtrading and early entries are the most common mistakes new traders tend to make.
Mechanical triggers biggest advandage is creating time intervals in order to keep you in a healthy mental state for the remainder of your trading session. Only when your mechanical trigger goes off you will watch market structure with a clear mind without the mindset “my patience must pay off!”.
Pure price action alone does not have this advandage and requires tons of discretion ( which eventually you will need anyway ), but will allways drain your energy more than a mechanical system would do so. Especially when scalping of price action and orderflow for fulltime days behind your screen. Results will therefore dramatically be decreased because of this fact alone.
The “holy grail” will arrive when you are able to create your own system that is not only based on rapidly changing dynamic market structure, but also based on mechanical triggers that will help your mental state.
This topic is aimed at traders trading purely off market structure/price action/orderflow while trying to build in mental sustainabilities into their trading system. Like earlier mentioned: How do you create static fixed elements in a rapidly changing dynamic market yourself? Let’s discuss this matter!!