Candlestick Patterns – Evening Star
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Patience at the Open
Until you have a good read of the market, there is NO TRADE. Confidence in your real-time understanding of the market structure. Confidence in your real-time understanding of the nature of price movement. Confidence in your real-time assessment of market bias. Confidence in your projection of that market bias forward in time and price. …
Market Open Traps – 3
Wednesday’s social media post… for those who missed it: The link: Market Open Traps – 2 Here’s the “text-book†concept: The opposite applies as well. Price approaching a level of significant support, breaking lower just prior to or immediately after the open, and then smashing higher and trapping any SHORTS in a losing position. The trade is…
One Trade Can Make a Session
Not every session trades as you wish it would have traded. Not every opportunity will be caught. Not every trade will work. But remain patient. Sometimes all it takes is one trade to make a session. Let’s look at one session that with hindsight MASSIVELY underperforms what was available; but still provided a positive result…
Trading with Multiple Forward Projections
Today I want to take the concept of Project-Confirm-Trade up a level. First though, a quick review of the general concept, borrowing one of the images from that prior article. The rules I use for projection are outlined in the the YTC Price Action Trader.. See Volume 2 Section 3.3.3. And then it’s simply a matter of… Project…
What is Price Action Analysis?
I’ve received a great question in response to one of my old videos at YouTube: lots of traders criticize indicators (and correctly so, apart from the moving averages and RSI, I don’t find these oscillators or macd good) and prefer price action.. what exactly IS price action, I mean, what methods would you categorize under price…
Retesting the Point of Structural Change
I posted the following on social media a few weeks ago… The first pullback after a strong and decisive break from an obvious structural pattern, should be considered a MUST-TRADE scenario. There was a comment made to the post which I absolutely love. I’ve copied it here: Now, I don’t advocate trading just…