Coaching Overview:
In this Master Trader Coaching Session, we went back to one of the most important foundations of professional trading: determining the “Big Picture” before forming a bias.
Before a trader can decide whether a pattern is worth trading, they must first understand the environment. Is the market trending, correcting, extended, basing, or trapped inside congestion? Is price moving cleanly between areas of supply and demand, or is it moving through overlapping resistance and support that can create choppy, uncertain action?
We reviewed how traders bid at prior demand and offer at prior supply, and why those areas can create reversals, pauses, breakouts, or breakdowns. We also discussed the importance of price voids — areas where there is little meaningful support or resistance to the left — because those are often where price has the best odds of moving more freely.
From there, we focused on pattern quality.
Not all patterns are equal. Some show conviction. Others show hesitation. Some candles and patterns reveal certainty among buyers or sellers, while others show uncertainty, overlapping bars, tails, gaps, and mixed messages. Learning to tell the difference is a major step in moving beyond memorizing patterns and toward truly reading price action.
We broke down charts in sections, reviewed trends and location, and then moved into bar-by-bar analysis. Each candle adds information. Each bar either supports the prior expectation, weakens it, or changes it. That is the thought process behind Master Trader Technical Strategies.
The goal of this session was not just to identify patterns, but to teach students how to think through them objectively:
What is the big-picture bias?
Where is price in relation to support, resistance, and moving averages?
Is price moving fluidly or through congestion?
Are traders showing certainty or uncertainty?
Does the pattern have room to move, or is it likely to be messy?
This is where chart reading becomes more than looking for setups. It becomes a structured decision-making process.
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If you have questions, please email me - Greg@mastertrader.com
