Candlestick Patterns – Evening Star
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Daily Market Structure & Price Action Study – 5
See here if you missed the earlier articles – No. 1, No. 2, No. 3, No. 4 The concept: I've been writing online for over a decade now. And for that whole time I've been promoting the idea of daily study in both Market Structure and Price Action. It's a simple task that takes…
Do Higher Timeframes Trend Better? Not Always!
It’s commonly stated, particularly in the currency markets, that higher timeframes trend much better than lower timeframes and are therefore much easier to trade. It's stated that lower timeframes are subject to too much "noise", with choppy, overlapping price action full of stop running and false breakouts.
Three Pushes into S/R (2)
I received a question a few weeks ago asking why I haven’t shared many support & resistance trades lately. And asking whether or not I still trade them. It’s interesting that they’ve noticed this. The majority of my trades in the last year have been with-trend, seeking to profit from continuation of a directional market….
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…
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…
Traps Just Before RTH Open – 2
A few months ago we examined the concept of traps occurring in the price action just before, or immediately after, the RTH Open (RTH = Regular Trading Hours). I'll place links to the prior articles at the bottom of this one, if you want to review them. Today, let's look at another example of…