Trading Process and Strategy

Candlestick Pattern Win Percentages

From time to time I receive a question at www.YourTradingCoach.com asking the winning percentages, or accuracy rates, for each of the individual candlestick patterns. It’s a reasonable question. The trader is hoping that by establishing the probabilities of success or failure, they can then focus more on the higher probability patterns and minimise their exposure to…

Trading Process and Strategy

Setups Based on Other Trader’s Stop Areas

As a follow-up to the article on stop running https://yourtradingcoach.com/trading-process-and-strategy/stop-running-and-what-you-can-do-about-it/, I thought I’d show an example of how these occurrences can set up great trade opportunities. Observe price as it breaches any significant swing H/L or S/R level. Not only will this trigger the breakout trader’s entry orders, but also the stops for many other…