Candlestick Patterns – Candlestick Design
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Sideways Trend into the Open
On Monday, prior to the market open, I shared the following YTC article via social media – https://yourtradingcoach.com/trading-process-and-strategy/patience-at-the-open/ The title of the article is "Patience at the Open". And that pretty much sums up my intent in sending out that link. Simply trying to slow down the excitement and stop you jumping into the…
Profiting From What the Market Doesn’t Do
Sometimes in conducting our analysis and formulating trade ideas, it’s important to notice what the market does not do. The chart below is a 1-minute snapshot of the 6B (GBP FX Currency Futures, equivalent of GBP/USD for forex traders) from last night, Thursday 25 Mar 10. The market was established in a downtrend with a…
Failure Scenarios
I love this comment from David on last week’s article – Long is Wrong 2. The key part is highlighted. I’m actually really excited to see someone recognise the importance of watching for failure scenarios. Opportunity exists at the places where large numbers of traders get something wrong. The times and places where obvious expectations…
Two Attempts – Then Reassess (2)
The quicker you can recognise that you're wrong… the quicker you can become right. Here is a useful rule: Two Attempts – Then Reassess! After two attempts at a trade idea, if it hasn’t worked, it’s clear that something is not right. You’re not in sync with the market. Either: You have misread the…
Traps – This One Needed Patience
It seems that most of the examples of market traps which I've shared over the years, were all traps which trigger very quickly. We all like the quick ones. They're easy. Like this one: See here for the TST, BOF & BPB Setups. Let's see what happens as price breaks the swing high at…
Watching the Trade Continue Without Me
Just three weeks ago we discussed The Mindset Required for Re-Entry. And the fact that a trade should NOT be considered over when your exit order is filled. You need to reassess the situation. Because sometimes you can see more clearly as you sit on the sidelines with no risk exposure. And sometimes… the move…