Price Bar Reversal Patterns – The Island Reversal
Price Bar Reversal Patterns – The Island Reversal
Previous articles (if you missed them): It’s a Process It’s a Process – 2 It’s a Process – 3 – Longer Timeframes Happy Trading, Lance Beggs
Feedback from last weeks article has been superb. So I thought I’d give some more examples here this week. And I’ll use this idea as the initial concept behind a daily blog – commencing later today. 🙂 For these examples, we’ll look to a different market. This time the HSI (Hang Seng Index Futures) which I’ve been trading…
or… Why I held this trade drawdown longer than I usually would! On Monday I entered a PB short in expectation of a downtrend continuing lower. By far the best entry area would occur on a weak pullback to the shaded region (A). And the last Trading-Timeframe (TTF) green candle certainly makes it seem…
I am quite a fan of Al Brooks’ first book, “Reading Price Charts Bar by Bar“, despite the fact that we trade very differently. Out of close to 400 pages, there is the one idea which has stuck with me more than any other. From page 384: “Countertrend setups in strong trends almost always…
This is a theme that has been constantly pushed at YTC since right at the beginning. Seeing the trade BEFORE price gets there. This ensures that trades are pre-considered. Pre-planned. Not emotional reactions to sudden price movement. How do we do this? Project your analysis forward. Given the current structure and the wider context, where…
Yeah… I’m serious! Rock Paper Scissors! I know all the other trading educators are talking about poker and the lessons it provides in position sizing and trader psychology. I’d love to sound really cool as well and talk about No-Limit Hold ’em, or Aces over Kings, or all manner of other great-sounding terms. But the…