![]() The reader is shown how to determine what day type is in progress by studying that day's open and gap, and then high probability and low probability price action for each day type are given.Alongside the ten day types, the simple technical analysis tools of support and resistance and measuring market volatility are employed. The first of these two plans - the day trading playbook - is based around ten different daily situations that can occur in the futures market.Ä«etween these ten daily set-ups, every single scenario is accounted for. ![]() Michael Gouvalaris describes two straight forward trading plans that eschew complicated indicators and focus on probable outcomes. Hard work and screen time is down to the individual, but The Trading Playbook will guide you towards simplifying your trading and thinking in terms of probabilities. ![]() Hard work and screen time - put in the effort to build up your trading experience. Probabilities - take trades where the odds are in your favour. The message of The Trading Playbook is to forget all of this and concentrate on three solid foundations to improve your trading performance: Simplicity - focus on price action alone. ![]() Many search for the latest new indicator that will give them an edge, or a new trading strategy to deliver bigger wins. Traders have a tendency to over-complicate.
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