Candlestick Patterns – The Bearish Engulfing Pattern
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I want to expand upon an idea we discussed in a prior article – https://yourtradingcoach.com/trading-process-and-strategy/what-if-you-narrowed-your-focus/ That is the idea that while learning and developing as a trader, you may find greater value in narrowing your focus and specialising in just one small segment of the daily trading session. The suggestion was that rather than fight…
Comfortable Lies and Uncomfortable Truths
"We do not err because truth is difficult to see. It is visible at a glance. We err because the lie is more comfortable." … Alexander Solzhenitsyn Are comfortable lies holding you back from making progress as a trader? Is the time and effort you currently devote towards the comfortable lies, perhaps better spent…
Stop – Pause to Reassess – Reverse
I get asked from time to time whether I ever "stop and reverse" a trade. That is, enter SHORT when stopped out of a LONG position. Or enter LONG when stopped out of a SHORT position. The reality is that I don't do that often. The failure of one trade is usually NOT an…
Study the Transitions
Let’s talk about Market Structure and Price Action study, commencing with a question I received on Thursday – Do you still do daily study of market structure? And my response, sent out via social media: A followup comment from the original questioner… “I’ve tried this in the past but not been able to stick with…
You’ve GOT to Target Multiple-R Winners
Most trades will typically fall in the range from -1R to +1R… hopefully more on the positive side of that range. But for most of us this does not mean you should be targeting 1:1 trades all day, every day. By all means take them if you assess them as being a higher probability…
Candlestick Charting – Video 15 – Evening Star
Candlestick Patterns – Evening Star