Cut through the market noise—the power of playbook trades
A favourite quote by Dr Brett Steenbarger is "not all movement is opportunity." And here's why.
Yesterday, I witnessed the numerous usual gyrations in $AUDUSD. However, the chart below shows the day through the lens of my playbook.
What you see are five different playbook opportunities I know intimately. And as for everything else, it's discarded noise.
Benefits of honing in and drilling down to learn playbook trades include:
addresses over trading
improves reward to risk
maintains an edge
effective use of your mental capital
what you know intimately, you excel in
The live footage illustrates the market meeting the parameters of a playbook trade, providing an edge over all the traders who have not practised and refined trading that market scenario.