Profiting From Market Retracements (Webinar)

Attitudes influence behavior.

As humans we are driven by our emotions. It is these human behavioral tendencies that makeup the market structure. The structure of market retracements are in essence, due to the emotions of fear and greed.

Market retracements act as one of the pillars to my trading methodology. This post includes a 55-min webinar outlining the concepts of market retracements and how to profit from them.

55-Minute Instructional Webinar

The following 60-min webinar presentation is titled ‘How to Profit From Market Retracements.’ In it you will find a detailed picture of how I view the markets and an overview of my methodology. My full trading plan for the ES & 6E futures can be found under the ‘Trading Rules’ tab at the top of the page.

Quick Reference Guide

I go over a lot of material in the presentation so to help you get the most out of your time I’ve broken the webinar down into sections, outlining the times below. This way you can replay or skip to specific segments quickly.

About Tim (0:55)

Tim’s Trading Style/Routine (2:40)

Trading Philosophy (5:30)

Market Retracement Basics (8:25)

Identifying the Trend (9:35)

When Does a Trend Begin? (11:20)

Specific Setups (14:10)

3 Helpful Tools (15:55)

• Heikin Ashi Candlestick Chart – I prefer to use the Heikin Ashi Candlestick study on the smaller time frames such as the tick charts because it produces a cleaner visual and helps me better identify the trend changes.

• Tick Chart – A tick chart is different than say, a time based chart because it forms after X amount of orders are traded.

• 15-min Chart – This is my go to chart for all markets intraday. The 15-min chart gives me a ton of information about what’s going on in the markets while still providing a larger term view.

Tim’s Chart Layout (22:50)

The Psychology Behind it All (30:15)

Examples (33:20)

10 Key Realizations in My Trading (47:35)

1. The market can always go higher/lower.
2. Don’t tighten stops too quickly.
3. It’s okay to give up the small winner.
4. Maximize the winning trades, not # of winners.
5. Trade the same way each and every time.
6. Fit the method to the #s.
7. It’s all about probabilities.
8. Trading less leads to more profits.
9. I don’t have to make a trade today.
10. Trade as hands-off as possible.

I spent 3 months organizing more than 5 years of trading notes that make up my philosophy, rules, and setups. I condensed this knowledge into a comprehensive eBook, Trading Rules for the ES & 6E Futures.

One Liners Worth Two Minutes

Thanks to everyone who attended the webinar, it means a lot to me. I had some great comments afterwards. Here is a collection of trading quotes emailed to me by one of my readers, Tom B. Some are from anonymous sources, some are things I’ve said, and some are by more famous traders. Enjoy!

• New traders under-manage losers and over-manage winners.
• When you stop learning, your trading will suffer.
• All the knowledge in the world is useless without discipline.
• Knowledge, Discipline, Patience, and Confidence are the keys to good trading.
• The trader who makes no excuses will eventually have many more gains than loses.
• Get the one share right and you will get the one thousand shares right.
• Don’t ever make excuses. They never made anyone a dime.
• Losing the right way is what matters.
• Nobody trips over mountains. The small pebbles will cause you to stumble.
• There is nothing more important than your emotional balance. – Jessie Livermore

What other one liners do you live by? Share them below…

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