Observation Drill questions...

scalptrade787
Posts: 8
Joined: Tue Nov 01, 2022 2:52 am

Observation Drill questions...

Post by scalptrade787 »

Eric, couple questions from your comment below RE: observation drill:

"Please note the market observation drill which begins at the beginning of the course. This drill is important and should be
maintained throughout the course."

What's the reason for continuing this drill throughout the course?
And I assume your meaning to not take any trades throughout the course but to maintain this exercise throughout?
eric-pal
Posts: 262
Joined: Mon Oct 31, 2022 1:08 am

Re: Observation Drill questions...

Post by eric-pal »

You can certainly take trades. I would recommend defining your edge well through performance metrics.

The drill is an awareness drill, and should be practice separately (no trades taken during this process). This allows for the strengthening of observation without any impacting stress of "having to do something" which may distract.

Good trades to you!
scalptrade787
Posts: 8
Joined: Tue Nov 01, 2022 2:52 am

Re: Observation Drill questions...

Post by scalptrade787 »

Checking IM understanding you properly - So defining edge through performance metrics means studying charts, tracking setups for performance, defining which ones perform best in particular situations.....

Understood RE: awareness drill. FYI I find this one a challenge but when I do zone in, it opens up a very different perspective.
eric-pal
Posts: 262
Joined: Mon Oct 31, 2022 1:08 am

Re: Observation Drill questions...

Post by eric-pal »

Welcome to the zone :).
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