What did you know at the time?
Use chart replay, decision notes, and honest review to practice a consistent process.
Pause a chart before the outcome is visible. Describe the evidence, write the decision, and then reveal what happened. The replay exercises keep the original decision separate from any later profit-and-loss calculation.
Questions to work through
What belongs in the record?
Record the time, the reason for the decision, the planned entry and exit, and relevant chart levels. Keep the original notes so that later review can compare the process with the outcome instead of rewriting the earlier reasoning. CME Group: Keep a trade log.
How should a skipped example be counted?
In our replay worksheet, a skipped candidate remains a no-trade decision even if the next candles would have produced a gain. A deliberately assumed fill belongs in a separate arithmetic exercise, with its assumptions stated.
What can a simulation leave out?
Hypothetical results can benefit from hindsight and may not capture liquidity, slippage, or the pressure of real losses. Use the exercises to practice observation and record keeping; a small set of examples does not establish a method’s profitability. NFA: Limitations of hypothetical results.
Start with How to Practice Candlestick Reading with Chart Replay. Start the beginner’s observation exercise. Examples explain the process and do not establish what a market will do next.
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