Price Bar Reversal Patterns – The Bearish Rejection Pattern
Price Bar Reversal Patterns – The Bearish Rejection Pattern
(1) My Focus is on the Metagame Most price action traders are focused on the patterns that result from price movement, in the expectation (hope) that these patterns will lead to further price movement, just as the textbooks say they should. But what they’re missing is the deeper level of understanding. I don’t play this…
In our article last week (read it here if you missed it) we discussed the concept of the bad beat. A bad beat occurs when you correctly identify, enter and manage a valid trade setup, but are still left with a loss or missed opportunity. The fickle hand of fate cares little for your high…
From time to time I get asked how I add to positions. That is, entering a new trade while the prior trade is still open. So I thought it might be a good idea to outline my response here. Then I can just link straight to the article in future. (Time management WINNER!) The…
My normal trading times are between 09:30am and 12:00 midday US Eastern Time. You won’t see many trades after midday because in my timezone that is 3:00am. It’s time to complete my post-trading routine before getting some well deserved rest. But occasionally circumstances allow me to push a little beyond this midday (3:00am) time limit….
For those day traders who might be stuck in a cycle of continual failure… what if you narrowed your focus? Some days there might be no opportunity. That’s fine. Other days there might only be one trade opportunity. Again that is fine. The idea is that this is not necessarily a permanent change to your…
Candlestick Patterns – Candlestick Sentiment