About a month ago, I discovered The Trading Authority website. Their flagship product is the DST (Dynamic Structure Trading) course. I can’t comment on the quality of the course because I have not taken it, but I did sign up as an affliate of theirs based on the quality of their free content.

Here is a short description of the course, taken from their website.

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What is Dynamic Structure Trading?

Dynamic  adapts to recent market conditions and can be used in range-bound or trending markets

Structure  based on market structures of support/resistance, pivots, daily ranges, basic Elliot Wave patterns, and others

Trading  a proprietary Strength of Signal system is used to qualify trades and determine position sizing for each trade

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The Dynamic Structure Trading course was developed to take advantage of any market condition in any time frame. This allows us to trade based on structure, patterns, and what we see not what we think.

Dynamic Structure Trading is a robust trading strategy for the serious trader looking to invest in a time-tested, highly profitable style of trading that can be applied across a broad range of time frames and markets. Day trade a 1 and 3-minute bar chart in the Following Emini Futures Indexes: Russell 2000, S&P 500 Index, NASDAQ, Dow Jones Industrial Average. DST is also applicable to Foreign exchange currencies. The Emini Index Futures represent the best vehicle that the DST model can capitalize upon most effectively and efficiently.

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The idea of trading what we see, not what we think, is very important.  Remember, there is no such thing as what the market “should” do…only what it IS doing and HAS done.

At the bottom of their main index page, there is a heading called “The Four Elements of Successful Traders”.

Excellent trading psychology and state management
Proven money management systems
Proper tools and training
A profitable trading system (actually the least important!)

This is very interesting, and for me, it rings very true…at least the part about trading psychology being the most important element of success even when we have a profitable trading system. To view some excellent free content on trading psychology and state management, please follow my affliate link (so they’ll know that I’m sending them some traffic), and click on the “Market Trading Videos” link under the “Free Services” menu.  They posted two videos on May 16th, 2007 that are just fantastic. Enjoy!

Here are direct links to the videos:

Trading State Management 1

Trading State Management 2