Candlestick Patterns – Morning Star
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Profiting From What the Market Doesn’t Do
Sometimes in conducting our analysis and formulating trade ideas, it’s important to notice what the market does not do. The chart below is a 1-minute snapshot of the 6B (GBP FX Currency Futures, equivalent of GBP/USD for forex traders) from last night, Thursday 25 Mar 10. The market was established in a downtrend with a…
Daily Market Structure & Price Action Study – 7
See here if you missed the earlier articles – No. 1, No. 2, No. 3, No. 4, No. 5, No. 6 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…
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…
YTC Intro to TA – Unfinished Video Series
In 2012 I commenced a YouTube video series – YTC Introduction to Technical Analysis. For various reasons, this series was unfinished. Perhaps it will be completed one day in the future. Perhaps not. The one benefit that this series gave me was a realisation that the work I can best offer the trading community comes…
Build a Visual Library of MUST-TRADE Scenarios
We've spoken in NUMEROUS articles about the importance of using a journal to study key market structure and price action sequences, with the aim of developing your ability to perceive and understand the current strength or weakness of price movement and project that forward to develop a bias for the near future. Here are…
Definition – Depth
Depth refers to the distance with which a pullback retraces the previous extension.