Candlestick Patterns – Candlestick Sentiment
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Recognise when it’s not working – and ADAPT
The plan was simple. Catch the opening drive. And bask in the glory of a winning start to the new session! Three failures… compulsory time-out! Note that this doesn’t necessarily mean three losses. The first two were small wins. The last was a small loss. I’m still in front. And now have some important information….
Stop Running – And What You Can Do About It
One of the most common email questions I receive at www.yourtradingcoach.org is on the topic of stop running. Sometimes the question comes as a result of the trader having been stopped out on too many occasions by just a tick or two, leaving them to watch from the sidelines while the market then moves in their expected…
Traps Just Before RTH Open – 5
Last Friday at 9:28am, just two minutes before the Regular Trading Hours (RTH) Open, the market suddenly jumped. That’s right – it’s a trap RIGHT BEFORE the regular session open. See here if you missed the prior articles: https://yourtradingcoach.org/trading-process-and-strategy/traps-just-before-rth-open/ https://yourtradingcoach.org/trading-process-and-strategy/traps-just-before-rth-open-2/ https://yourtradingcoach.org/trading-process-and-strategy/traps-just-before-rth-open-3/ https://yourtradingcoach.org/trading-process-and-strategy/traps-just-before-rth-open-4/ Here is the general idea, in both bullish and bearish form: Well…
How Do You Find Time to Plan a Trade on a 1-Minute Timeframe?
This is a question I get from time to time. Quite a reasonable question, I guess, for anyone used to trading on much longer timeframes. The answer is simple. And if you do it right you’ll find that there is plenty of time. Even on a 1-minute chart. Let’s repeat that for effect… Lower timeframes…
Climactic Reversals – Where is the Entry?
When discussing climactic reversals with newer traders, I find the most common question is where to enter. After all, it can feel very much like the commonly quoted statements of ‘jumping in front of a train’ or ‘trying to catch a falling knife’. Yesterday, (Thurs Feb 18, 2010) gave us a nice simple example, so…