Why a break of yesterday's high so often fails in the London open
The first push through the prior day's high is rarely the expansion. It is often the probe. Here is how we treat it in a drill.
Field notes
From the packs, not from a textbook chapter
Short pieces used alongside our tech analysis training. They stay with price action drills for breakout and pullback setups: how a London probe fails, how a dip keeps or loses a break, and the three lines we draw before anyone speaks.
A pullback is not the same as a failed second entry
Both come back to a level. Only one still has the original break intact. The distinction is the whole of a pullback workshop hour.
How we mark levels before a drill starts
Session high, prior day, opening range. Three lines, drawn in that order, before anyone talks about a trade.
What to bring to a chart review — and what to leave at home
A fortnight of marks as you made them, including the quiet days. Not a highlights reel, and not a broker statement.
Compression, expansion, and the trap of trading every range break
A tight morning range is not a promise of an afternoon trend. Sometimes it is just a tight morning.