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…
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…
I get asked from time to time which of my setups is my favourite, or which I would choose to trade if I had to limit myself to one setup only. I really hesitate to answer this question, because I'm a firm believer that the setup chosen at any particular time needs to be the…
I'd like to share a great question received this week which highlights a number of recent topics that have been discussed via the newsletter or blog – the irrelevance of individual trades, the imperfection of ALL exit strategies, plus patterns vs context and the way price movement influences other traders' decision making. Question: I stumbled…
The most reliable price swings are those following the point of realization of a trap. My trading strategy aims to have me trading as one of the trappers, rather than one of the trapped. Does yours?
Hey Candlestick Traders, Now that we’ve completed the whole Candlestick Video series, I thought it might help if they were all on one page. It saves you jumping from page to page after every video. Enjoy … Candlestick Patterns – Candlestick Design Candlestick Patterns – Candlestick Sentiment
(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…
(Previous articles in this series: part 1; part 2; part 3) 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 (how…
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…
In Part 1 of this series, we learnt how to read the Close Position, and define each candle as either a High Close, Mid Close or Low Close candle depending on where the candle closed within its own range. If you missed part 1, you’ll find it at the following webpage: https://yourtradingcoach.com/trading-process-and-strategy/better-than-candlestick-patterns-part-one/) We discovered a…
