Trade With Precision Free Newsletter

One of the most powerful tools at a trader’s disposal is the use of support and resistance levels. Many traders incorporate support and resistance levels into their trading strategies however they fail to understand the meaning behind these levels. It's not just random price action that creates these precise levels, it's the power of mass human psychology.

Watch this week's market commentary videos where Craig Cobb provides a market outlook for the week ahead for U.S equity markets and currency markets, using as a focus the ICE Russell 2000® futures and the ICE U.S. Dollar Index®.

Trading is a profession which requires you to flawlessly execute your trading strategy over and over again in the markets. To succeed in trading you must understand that it's a game of probabilities in which you need to have an edge which is executed consistently over a large sample set of trades. Consistency in trading can only be achieved if you apply a structured approach to your trading. 

When it all comes down to it, the decision of whether to take a trade or not, impacts directly on your trading results. It's an area of trading which can cause allot of emotions as it decides whether you enter into a trade or not. If a trader can make consistently sound decisions on whether to enter into a trade or not without emotion then consistent results from their trading edge can flow. Inconsistent decisions on the other hand, lead to inconsistent results. Let's run through the 3 key aspects of trading decision making which you must apply to your own trading.