Candlestick Patterns – Piercing Pattern
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Failure Scenarios
I love this comment from David on last week’s article – Long is Wrong 2. The key part is highlighted. I’m actually really excited to see someone recognise the importance of watching for failure scenarios. Opportunity exists at the places where large numbers of traders get something wrong. The times and places where obvious expectations…
Defining “No-Trade Zones”
Let's look one final time at last week's trade sequence. The problem we attempted to address was one of continual attempts to fade long and extended price swings, finding that instead of timing that entry to perfection we more often than not end up with two to three stop outs, and a mindset destroyed…
Higher Timeframe Trap – Everyone Long Above This Level is WRONG!
Most of the traps I trade come from the Trading Timeframe or Lower Timeframe charts. I don't watch the higher timeframe for traps. However, I do see them from time to time. And they can provide some nice trading opportunity. Ok, "wrong" is probably a poor choice of word. The reality is that we don't…
When Obvious Expectations Fail
Take note when the market offers something that many traders will see as obvious. Because when "obvious expectations" fail, you will often find a clear directional bias and good trade opportunity in the opposite direction. Monday 30th April 2018 And that is a quite reasonable expectation. You SHOULD be seeking opportunity LONG. At least…
Counter-Trend Breakout Failure
I didn't trade this; I typically stop my session around 2am. But it's such a great example that I thought I should share it. (Yes… I get excited by price action!!! 🙂 Whatever you want to call this – turtle soup, pump fake, prairie dog pop – they're a great setup idea. (a) price extreme…
What Were They Thinking?
I love trading in places where other traders have got it all wrong! There are many ways to see these areas. This article will focus on one method. It's certainly not my primary method but if you like it you may want to look out for these opportunities: Identify breaks of significant price levels which…