Price Bar Reversal Patterns – The Open Close Reversal
Price Bar Reversal Patterns – The Open Close Reversal
Tuesday’s trade sequence reminded me of this article from last year – Sometimes It Takes Multiple Attempts. Where the market reminds us that it doesn’t give a damn about our expectations for a quick move from entry to the target. And that sometimes, it would rather play a bit first and see if it can stop…
In the absence of a curriculum for trader training, and of a mentor who can provide daily guidance, oversight and correction, we are largely left on our own to both chart and navigate our path forward from novice to (hopefully) becoming a professional and consistently profitable trader. All too often though, the way forward is…
Monday provided a beautiful example in the NQ daily chart of an overextended market pausing with a narrow-range inside day. Volatility contraction! A place of opportunity for those who’ve seen it before and who’ll be ready to react. And a place of learning for those who are new to this game. So I sent out…
Email Q&A: I would like to see a side by side comparison of the various candlestick chart patterns & equivalent bar chart patterns. In other words, what does a Shooting Star look like on a bar chart? The same with a Harami, Dark Cloud, Piercing, Engulfing, Morning Star, etc. Thank You!!! Response: No problems at…
The following image was a recent post at YourTradingCoach Facebook. If you want to check the pattern out, it’s 11th Dec 2013; GBPUSD; 3 min TTF; at 09:51 UTC. Today I’d like to discuss the statement within the yellow box, “Real opportunity is found at the edges of market structure, where the risk is smallest and…
Email Question: Hey Lance, Thanks, I believe some of your knowledge held in trading is very wealthy to your students and viewers. I have a few questions on Candlestick Reversals please. 1. Some candle patterns like Hanging Man and Hammer are same in body form but different in which trend they appear, how should we…