WY-07-31 / 06
Confirmation, Rejection, and Cancellation Are Different Actions
The Complete Decision Process
Lesson / WY-07-31
Confirmation describes evidence, such as a holding retest and renewed progress after an upside break strengthening reaccumulation. Rejection describes the interpretation: an accepted departure in the opposite direction means reaccumulation no longer holds. Cancellation describes the trade plan: insufficient room, an expired trigger, abnormal data, or higher costs can cancel a trade without rejecting its structure.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
9 lessons · Chapter contents
01Use Only Information Available Then and Preserve Trading Records↗02Initial Facts: First Describe What the Market Has Done↗03Retain Other Explanations That Fit Current Price Action↗04How Incremental Evidence Changes Judgment↗05When to Wait, Participate, Cancel, or Replan↗06Confirmation, Rejection, and Cancellation Are Different Actions↗07The Same New Fact Means Different Things When Holding or Flat↗08Evaluate Decision Quality Separately from Trade Outcomes↗09A Complete Decision Process as Price Action Unfolds↗Observe the market: start with context and place price within its structure.
Understand structure: compare supply and demand, and let evidence support or revise your hypothesis.
Form a view: define risk limits and know when to reassess.
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Analysis and Trading Decisions Within a Complete Structure
