A unique tool that greatly helps my trading is drawing out what happened in given sessions and then drawing out what I predict is going to happen in upcoming sessions. I do the best I can to draw to scale and keep Fibonacci ratios true to scale.

8

Drawing out the moves gives me a respect for how long it takes for these patterns to form and helps me to gauge how long it will take for given patterns to form in the live market. It takes me hours to draw out every candle that formed in a given day of trading. So, this helps me to conceptualize length of time in the live market.

7

This is one of the techniques that has brought my live account to +125% in the last seven weeks. I find repeatable patterns in the sketching and exploit these opportunities as they setup in real time. I study the open of given sessions and draw out the moves that occur.

 

6

I have included a few of my sketches to give you an idea.

 

5

 

The dedication it takes to draw the moves that have occurred is now taking my trade planning to a higher level.

 

3

 

4 2

1

 

In the 10 years I have been trading, this is one of the more helpful practices I have found.

Kind regards,

Tyler Lund

 

7 thoughts on “A Unique Exercise to Improve Trading”

  1. Wayne McDonell - TradersWay.com says:

    Crazy awesome!

    1. Tyler Lund - FOREX.TODAY says:

      Thanks Wayne, an effort to have a ridiculous and sickening work ethic.

  2. Wayne McDonell - TradersWay.com says:

    I’ve always said that you must be able to “see the trade with your mind’s eye” before you actually trade it.

  3. Dalmas Ngetich - FOREX.TODAY says:

    True, true..I always base all my trade on Fibonacci level most importantly the weekly pivots they always form important reaction points.

    1. Tyler Lund - FOREX.TODAY says:

      Yes, it helps a great deal to draw the trade out; even if I am wrong I can clearly see what I could have done better.

  4. sugi says:

    True!!! i also have sketch on my notebook hahahhaa but urs better than mine just line chart only.

  5. Daniel Chan - Forex.Today says:

    love it , fantastic

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.