Candlestick Patterns – Candlestick Design
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Reversal Pattern within an Opening Drive
Let’s start with the daily chart at the time of market open. Because it shows structure that has me VERY interested in trading to the LONG side. Let’s drop to the 1 minute trading timeframe chart, just three minutes after the open. Happy trading, Lance Beggs
Trade Opportunity at Spike Highs
The market has opened and rallied. Not with great strength. In fact it's quite slow. But it rallies with a clear bullish bias. It's clear of all S/R levels, above the prior day's high resistance (now support) and well short of the next higher timeframe resistance level. Trade opportunity in such a case is…
Trader Performance Drills
Here’s another great email question from a reader… Question: Hello Mr. Beggs, I am serious about trading, but I am still a newbie. What are three things that I can practice to improve my performance that can be repeated a lot and will continuously provide me feed back on my results? You currently being a…
Simple Pullback or Complex Pullback? Look to Past Price Action for Clues!
The following article comes courtesy of an email I received from an equities trader (daily timeframe) who was working to improve his pullback entries within a trending environment. His challenge was that while the market was maintaining a steady state trend with no real signs of weakness or topping action, how exactly should he be…
Candlestick Charting – Video 4 – Candle Pattern Stages
Candlestick Patterns – Candle Pattern Stages
Late Session Breakout – Early Session Opportunity
Every day you should look for one quality trade opportunity and study it. Print it out, review it, learn from it and file it in your Trades Journal. It doesn’t have to be one you traded. If it is, that’s great. But it doesn’t have to be. There is still opportunity to learn. It…