Trading Process and Strategy

Candlestick Pattern Q&A

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…

Trading Process and Strategy

Candlesticks equal Price Bars

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…

Trading Process and Strategy

Better than Candlestick Patterns – Part Five

(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…

Trading Process and Strategy

Better than Candlestick Patterns – Part Four

(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…

Trading Process and Strategy

Better than Candlestick Patterns – Part Two

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…