Candlestick Patterns – The Bullish Engulfing Pattern
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Longer Timeframe Trap
This example comes courtesy of some email Q&A, from a reader of theYTC Price Action Trader. (Yes… the YTC Price Action Trader principles and strategy can be applied on longer timeframes than those I trade!) Email: Hi Lance, Check out this really cool trap on usd/cad. If you zoom out on dailies the situations is…
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…
Price Bar Reversal Patterns – Video 4 – The Open Close Reversal
Price Bar Reversal Patterns – The Open Close Reversal
Candlestick Charting – Video 5 – Shooting Star
Candlestick Patterns – Shooting Star
A Simple Alternative Means of Assessing Short-Term Bias & Market Strength/Weakness
I highly recommend spending some time every now and then just playing with your charts. Try something new. Or see if you can apply old ideas in new ways. Just occasionally, you may find something useful. Today I'd like to share a simple tool that I've been using for the last few years, alongside…
Where Would You Enter Short?
Question from YTC reader: I traded ZIOP a few times today (I will attach the daily, 30 min and 3 min which are the charts I use below) I entered on the fourth 3 min candle right after the pullback and set my stop below the low of day. It was a good trade…