IT'S ABOUT TIME

We should always allow some time to elapse, for time discloses the truth.”
~ Seneca

It’s time and price, not price and time.

Time matters more than price (which also matters).

The Strat says “When things occur matters.”

The earlier in the day, week, month that a significant move occurs, or the signal stays in force, the better.

Intraday, the market needs 2-3 hours to start reversing.

Why? It takes effort (in terms of positioned capital providing liquidity to the market) to reverse a price move at a contested level in the 2-way auction.

When the market’s going sideways, there’s an agreement of sorts. A period of balance.

It takes time for one side to become more aggressive and for the other side to realise it’s losing and give up their positions.

Time also matters when it comes to our perception as traders.

Most traders are obsessed with timeframes, particularly lower ones as if there is more opportunity there.

There isn’t, just more signals that will potentially put you on the wrong side with a 50-50 opportunity with low risk-reward.

The goal of every trader is to frame the daily, weekly and monthly move in play and trade it accordingly for a repeatable profit goal.

So, use the timeframes that suit your perception.

If you’re a quick thinker and like to trade in and out all day, use a low timeframe to anchor your read on what the market will do next.

If you’re a slower thinker that likes to trade bigger ideas, try a 30 or 60 minute timeframe.

There are no good ideas on lower timeframes. The range is always between daily highs and lows at a minimum. The size of a 5 minute candle is nothing in the scheme of that range.

Ultimately, timeframes don’t matter. The daily range is the same regardless of how many candles you use to look at it. The heavier hand in the market reacts to prices, not timeframes.

Another thing that matters in terms of time is your development path.

I see too many traders who want to win on every trade, take a few losses and give up every week.

They start complaining and the impatience is obvious. In their minds, they should have made it already.

Success takes time.

The trader that sets themselves a weekly goal to improve one aspect of their trading inevitably gets better.

The trader that takes the longest view on making it to a full time career does exactly that.

From my experience working with over 300 traders, it takes anywhere from 3-12 months to see significant improvements.

That requires defining a system, testing an edge and continuously reviewing and iterating.

Anyone can make money tomorrow, or through the week, but consistency over months requires perception, practice and patience.

In summary:

1) Use the timeframes that suit your perception

2) Set weekly goals to improve one aspect of your trading

3) Set a long term expectation of success that is up to 12 months from now

P.

CONSISTENCY begins on 29th April.

This is the best coaching program for people who have spent a few years in the market and realise it takes a systematic approach to trade for a living.

Busy professionals who hate inefficiency, know they can do this without staring at the screen all day long and want to develop their own ideas and execution strategies without following yet another influencer or learning a new price action approach that falls over more than it works.

Self reliant operators who don’t believe something’s missing, but want to capitalise on what they’ve always done best, in and out of the market.

Students have doubled 5 figure accounts, made 5 figures during the 3 week program and created bigger ideas that work.

More importantly, they’ve taken a business approach to being consistently profitable, turning down the noise of social media and improving the quality of what they do to create scale and enable longer term financial goals.

Accountability and community matters on an ongoing basis, so there is now a free lifetime alumni group for people who have completed the program, where we continue to run education calls and dive deep into what moves markets and how to profit from it.

Information is what most beginners constantly seek, but it’s execution that moves the needle of personal growth and separates the professional from the amateur.

Add strategy, accountability and community to that equation and it’s impossible to not get better.