Candlestick Patterns – Harami
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There is a Lesson in EVERY Trading Session – Part 2
Feedback from last weeks article has been superb. So I thought I’d give some more examples here this week. And I’ll use this idea as the initial concept behind a daily blog – commencing later today. 🙂 For these examples, we’ll look to a different market. This time the HSI (Hang Seng Index Futures) which I’ve been trading…
Self-deception – According to Kierkegaard – Part 1
I came across a great quote during the week, which has led to an unplanned continuation of our recent theme on self-deception. Original articles: https://yourtradingcoach.org/trading-process-and-strategy/a-new-market-model-the-market-is-a-self-deception-mechanism-part-1-of-2/ https://yourtradingcoach.org/trading-process-and-strategy/a-new-market-model-the-market-as-a-self-deception-mechanism-part-2-of-2/ The quote: “There are two ways to be fooled: One is to believe what isn’t so; the other is to refuse to believe what is so.†…Søren Kierkegaard There…
The Other Trader
I find it interesting that VERY FEW people discussing their trades with me ever talk about “the other trader”. They always talk about the technicals – the price patterns and (if a little more astute) the strength / weakness analysis. I get it. That stuff is important. I suppose I’m guilty of this as well. Most…
Daily Market Structure & Price Action Study – 8
See here if you missed the earlier articles – No. 1, No. 2, No. 3, No. 4, No. 5, No. 6, No. 7 The concept: I’ve been writing online for over a decade now. And for that whole time I’ve been promoting the idea of daily study in both Market Structure and Price Action. It’s a simple task that takes no more…
Surviving the Opening Chop
We all love highly direction markets. Especially a strong momentum drive right from the open. But not every day is so kind to offer one. Sometimes price gets stuck at the open. And if we don’t have plans to manage ourselves during this opening chop we risk hitting our session stop before the day really…
210 Ticks in 5 Minutes: Could You Have Caught This Move?
A YTC reader Ryan asked if I could discuss a 210 tick move in Crude Oil that occurred at 11:25am ET on Thursday, March 15th 2012. Would you mind detailing the entry opportunity on that 11:25am short provided there was an opportunity? Thanks! This is the price move… (Note: the date/time difference is simply due…