Price Bar Reversal Patterns – The Closing Price Reversal
Price Bar Reversal Patterns – The Closing Price Reversal
The key to seeing potential sources of orderflow which can move a trade to profit, in any market, in any timeframe, is to… … see the pain, not the price! Happy trading, Lance Beggs
Did the market open and drive strongly in one direction, with you sitting on the sidelines unable to find a way in? Don’t stress. There is good news. Let me share some email Q&A from a reader of the YTC newsletter and YTC Price Action Trader ebook series, and then I’ll add some additional comments below….
In parts 1 and 2 of this short article series we discovered a technique for determining the short-term sentiment displayed by any sequence of candles. (Go here first if you missed part 1 or part 2) It’s time now to consider the context. ‘Consider the context’ means we consider where the current price pattern appears with respect to…
I particularly like this trade. Not just because it wins. But because of the reasoning behind the trade. Immediately it was closed I thought it had to be the basis for a YTC article, simply to demonstrate the entry pattern. But on further thought, it actually displays many of the concepts we have discussed here…
I love layered levels of support and resistance (multiple levels within close proximity). A primary reason is that they simplify our trade plan. There is no doubt about the direction that we’re looking for trade opportunity. Like last Monday… Keep an eye out for layered levels of support or resistance as you establish your S/R…
I’d like to expand upon Wednesday’s social media post. And share it via the blog and newsletter to ensure this gets to a wider audience. Because it’s an important concept. One I believe critical for your trading success. Part of good trading comes from quickly identifying and avoiding those price sequences which contain potential to destroy your…