Candlestick Patterns – The Bullish Engulfing Pattern
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The following was a reader email, enquiring as to how I would enter during a rather messy pullback: Question: I attached EUR/JPY 1 min chart. I assumed that the trend is still bullish. Within the blue area, where would you enter and where do you set your stop? Could you give me an advice please?…
Isn’t Buying at the Lower Low just Trying to Catch a Falling Knife?
The following image was a part of last week's newsletter article, "Real Opportunity is Found at the Edges of Market Structure". Following the publishing of that article, I received a great question via email… Question: "Isn't buying at the lower low (D) just trying to catch a falling knife? If a downtrend consists of LL’s…
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A Failed Break of One Side Leads to…
In preparing my daily entry for my Market Structure & Price Action Journal, I sometimes venture away from my usual market and timeframe if there is an example that REALLY catches my interest. This was one of them. We're looking here at the Crude Oil 30 minute chart. Why did this interest me? Because…
Market Structure and Price Action Study
"Fortune favors the prepared mind." … Louis Pasteur In a recent article I discussed the importance of regular study of market structure and price action. See here if you missed it – https://yourtradingcoach.com/trading-business/a-simple-step-to-becoming-a-better-trader/ After every trading session, find something you can learn from. Perhaps a market structure feature. Perhaps an interesting sequence of…
Forex Opening Range Breakout Strategy
Opening Range breakout strategies are very popular in the stock and emini-futures markets. If you’re not familiar with these Opening Range breakouts, a Google search should also bring up more information than you can probably read in a lifetime. To greatly simplify the strategy, it essentially involves identifying the high and low price from the…