Candlestick Patterns – Dark Cloud Cover
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Here's a little post-session exercise which may help stretch your performance to "never-before-reached" profit levels. Pick a target just above your all-time-high for a trading session. Whatever that is – $100, $500, $1000, $5000 or more. And ask yourself the following. Looking at the chart for today's session, with the benefit of hindsight, how…
Trade Management is More Important than Trade Entry
Over a series of trades your trade management decisions will have greater impact upon your P&L than will your entry. Almost daily I get emails asking why a certain trade didn’t work. Almost every time, the trader is missing the point. Trades don’t always work. Our profit and loss comes not from any one particular…
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I particularly like this trade. Not just because it wins. But because of the reasoning behind the trade. Immediately it was closed I thought it had to be the basis for a YTC article, simply to demonstrate the entry pattern. But on further thought, it actually displays many of the concepts we have discussed here…