Candlestick Patterns – Candlestick Design
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Metagame Entry – Recognising that entry is not just about price or patterns, but about the people behind the price and patterns. And in particular the times when they’re experiencing frustration, pain and disappointment. Because the best opportunity comes when I can feel someone on the other side of the market getting it REALLY wrong….
In-between Breakeven and Profit
The following is some great reader Q&A regarding a quite difficult part of the trade management process: Question: I have been trading for a long long time and always have had one obstacle I can’t seem to overcome. I feel I can pick the Perfect or Near Perfect Trade setups. I feel I can allow…
Let It Fail First – Then Get In
Although we trade very differently, I am quite a fan of Al Brooks first book, "Reading Price Charts Bar by Bar". One of his quotes which has stuck with me over the years is the following: Countertrend setups in strong trends almost always fail and become great With Trend setups. This quote came…
Every Price Interaction with Support or Resistance is Unique
The following image was posted a few days ago on facebook and received more "likes" than any other YTC facebook post so far. So I thought we should examine the concept in a little more detail. (By the way… see here for YTC Facebook if you're not already following it: http://www.facebook.com/yourtradingcoach)
Targeting the Overnight High or Low
I've become rather fond of targeting either the overnight high (ONH) or overnight low (ONL) during early session trading. If you're new to this idea, schedule some time to look back at the last few weeks of charts and take note of how many times they hit. For the ten sessions leading up to…
Price Bar Reversal Patterns – Video 5 – The Closing Price Reversal
Price Bar Reversal Patterns – The Closing Price Reversal