Candlestick Patterns – Dark Cloud Cover
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Simple Session Bias
Maintaining context is essential for effective price action trading. And while that is true for all timeframes, it's especially so in the lower intraday timeframes where you can easily get caught up in the tick-by-tick battle between the bulls and bears. My primary tools for context are the trend structure which I view on…
Trading the Price Spike High or Low
Let's start with a little disclaimer – I didn't trade this price sequence. I took a break on Friday 18th of January in an effort to manage my fatigue levels. But this does not mean that I don't review the session. The next day I scheduled some time to look over the charts in…
Scalping
I’ve been following a great blog (http://forexbird.blogspot.com/) for a couple of months now and it’s inspired me to spend a week or two playing with a reduction in trading timeframe. And I have to say that while trading is without doubt a serious business, I haven’t had so much FUN in years. Despite his excellent…
Rock Paper Scissors – A Trading Analogy!
Yeah… I'm serious! Rock Paper Scissors! I know all the other trading educators are talking about poker and the lessons it provides in position sizing and trader psychology. I'd love to sound really cool as well and talk about No-Limit Hold 'em, or Aces over Kings, or all manner of other great-sounding terms. But the…
Definition – Projection
Projection refers to the distance with which a price extension projects past the previous swing high (in an uptrend) or swing low (in a downtrend).