The Inner Game of Wyckoff
Bruce Fraser | December 17, 2016 at 10:00 AM
Looking back over this soon to be concluded year could be a very useful exercise. Let us put a twist on this ‘lookback’ to supercharge the exercise and improve our Wyckoff Method of trading. Mental rehearsal can be a valuable technique for strengthening trading skills. With this technique we take a historical market structure that we are determined to master; and analyze it, evaluate it, label it and then paper trade it. The intention is to become nuanced with the many variations of price structures that develop in markets. Mental rehearsal is the ability to make this rehearsal process as real as possible in the mind’s eye. I believe that all successful traders employ this technique, in a very personal way, in the development and mastery of their vocation.
Seems like pretty good advice, I'm currently following up on many of the charts I've created throughout the year and recreating them today to look for what eventuated, where I went wrong, where it played out well, differences in labelling, placement of Support / Resistance, finding it fascinating to look back and recognise your own mistakes and the way you would have read it in hindsight.
I actually feel my whole approach is changing for the better, really looking forward to next year and a much different approach.
Cheers HF