Candlestick Patterns – Dark Cloud Cover
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The Other Trader (6)
Let's continue with an old article series – the metagame – trading AGAINST other traders who find themselves on the wrong side of the market. Because… If I can't feel someone on the other side of the market getting it really wrong, there is no trade. You can see the prior articles here if…
First Break against a Momentum Drive
There are times and places where our focus can be more relaxed. And times and places where the market demands that we are fully engaged in the price action. The first break against a momentum drive is one of the latter. I was ready for a potential momentum drive right from the open. The YTC…
Reviewing Key Price Action Sequences
A great way to learn to read price action is to review your historical price charts, with a focus on the price action at key structural locations. Find and review anything which fits these categories. tests of significant levels breaks of significant levels traps transitions between trends and ranges transitions from volatility contraction to expansion…
Stay Ahead of the Aircraft
Some words of wisdom from back in my days as a pilot… "Never let an aircraft take you somewhere your brain didn’t get to five minutes earlier." It’s essential as a pilot to stay ahead of the aircraft. This means projecting your awareness ahead of your current location. Anticipating what is coming, considering what that…
Reversals Often Give Multiple Clues
In the absence of any unexpected news event, or some other reason to shock the market, a reversal will usually not just appear out of nowhere. V-Turn reversals happen. But they're not the usual outcome. More often than not, there will be multiple clues in the lead-up to the reversal. The challenge for you,…
Lower Timeframe Triggers into Trading Timeframe Setups
I'm a big fan of using a lower timeframe to trigger into setups identified on a higher trading timeframe. Typically that lower timeframe trigger will be based upon some kind of candlestick or micro-chart-pattern. The following was an email request I received from a trader who is developing his skills at the same concept. Mr….