Candlestick Patterns – Evening Star
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Micro-Channel False-Breakout Counter-Trend Entry
Entry to a counter-trend trade can be difficult to time, especially when it’s not in the vicinity of any significant S/R level. And particularly when it just keeps grinding a little further, then a little further again; always offering what appears to be tempting entries. (Note: the example here uses a trading timeframe of 1 min, with…
How did I know this trade would win?
First up… let's identify the higher timeframe S/R structure at the session open (18 minutes before the trade). We'll do that via two charts, the first using the day-session data only and the second looking at the overnight data as well. Now let's move forward 18 minutes on our trading timeframe to see the trade…
Until it Breaks and Holds, Exercise Extreme Caution!
This image was posted on social media recently, to highlight the way that the opening range can help minimise early damage to your P&L. I received a message in response to the post: This has me curious. Did you trade it? Can you show us the trades? If you did stand aside, at what…
What is Price Action Analysis?
I’ve received a great question in response to one of my old videos at YouTube: lots of traders criticize indicators (and correctly so, apart from the moving averages and RSI, I don’t find these oscillators or macd good) and prefer price action.. what exactly IS price action, I mean, what methods would you categorize under…
Stop and Reverse
I don't often reverse a position when stopped out. Usually the failure of a trade in one direction does NOT automatically mean that the opposite direction offers good opportunity. Most often when they do occur it's because I'm attempting a counter-trend trade and find myself caught in a trap. The stop and reverse allows me…
Focus on the Right Timeframe
I operate with three timeframes: Higher Timeframe – Defines the S/R structure within which the trading timeframe moves. Trading Timeframe – This is used to define the trend, market bias and to identify setup locations. Lower Timeframe – This is used to fine-tune my trading timeframe analysis and to time entry and exit decisions. I…