Price Bar Reversal Patterns – The Hook Reversal
Price Bar Reversal Patterns – The Hook Reversal
Establishing a bias intra-session is a simple process of following our 6 principles for future trend direction. It’s a little more difficult at the session open though, when the lack of prior data adds to the uncertainty. Last week we worked through an example in which we established a bias from the open. Essentially it’s a…
I received an email this week thanking me for the Advanced Candlestick Analysis articles and requesting some more analysis of this type. If you haven’t seen these articles, check out part 1 and part 2 here: https://yourtradingcoach.org/trading-process-and-strategy/advanced-candlestick-analysis-part-1-of-2/ https://yourtradingcoach.org/trading-process-and-strategy/advanced-candlestick-analysis-part-2-of-2/ I’d love to do more of these articles, but they take quite a while to put together….
Almost all trading sessions will contain one to two price sequences which are absolutely the best. These can be the difference between an average session where you just grind out a small positive result and a great session where you hit it out of the ballpark. The price sequences which make your day. How you…
1. Identify a trading timeframe pattern…. …. that’s occurring in a low probability place on a higher timeframe. 2. Confirm weakness on pattern breakout. 3. Confirm profit potential in the event of pattern failure. 4. Trigger entry at the point of failure of the breakout. 1. Identify a trading timeframe pattern that’s occurring in…
(Previous articles in this series: part 1; part 2; part 3; part 4) So far, we’ve discussed: A simple technique for classifying (or naming) candles and gaining a feel for short-term candle sentiment. The importance of context – examining where the current pattern is occurring within the market structure in order to determine the technical and psychological impact of that pattern…
EMAIL RECEIVED AT YTC (Subject: Is Forex a (f…ing) Casino?) Hi Lance, As I said in the subject of my e-mail, did you ever have the feeling that all this trading business is only a f… casino? Time and time again I lose all my money in these damned markets. I get only a few…