Candlestick Patterns – Piercing Pattern
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Panic – 6 May 2010
Volatility has returned – big time! I assume you’ve seen the results of the session on the news. But if you missed it, here’s the daily chart of the DJIA (Dow Jones Industrial Average) showing the drop which at one point had fallen just under 1000pts (previous close 10,868; today’s low 9,869.62): Impressive…
One Trade – Multiple YTC Concepts
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…
Fast Trend Shallow Pullback
Expectations should change with a change in environment. In a slow, wide-swinging trend, your better off waiting for a deep pullback. Don't be too quick to enter. But in a fast trend, if you hesitate you may just miss the entry. Here's two fast-trend shallow pullback entry examples. There's no waiting for a 38.2% retracement…
Wrong Wrong Wrong Right – 2
If there is one thing I want people to take away from all these years of writing about markets, it’s an acceptance of the fact that you do NOT have to get every trade right. New traders have this incredible need to be right. I know because I was there myself once. And because I…
Opportunity Exists where you find Frustrated Traders
I'm always looking at the market from the perspective of "the other trader". In particular, seeking out the places on the chart where others might become frustrated. Where is someone stuck out of a trade they wished they were in? Where is someone stuck in a trade they wished they weren't in? That's where…
Enter LONG When it Can’t Go Lower
Today let's look at the art of entry timing… with one of my favourite ways to get into the market. It's not the only way to enter. But it's one I love. If the market can print a candle (or sequence of candles) which strongly suggest that "it's moving lower". But then can't. Enter LONG…