Candlestick Patterns – Candlestick Sentiment
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Entry After An Extended Complex Pullback
I don't always time these so well, but this one worked out to be a really nice entry. So let's check it out and discuss what I'm thinking when faced with a really long extended grinding "will it ever end" pullback. First the higher timeframe to get some context… And now the trading…
The Double Failure Pattern (Revisited)
When I identify a setup area based upon the structure of the market, one thing I absolutely love to see is a double failure pattern. The double failure pattern was discussed in a prior article (https://yourtradingcoach.com/trading-process-and-strategy/the-double-failure-pattern/) and involves two failed attempts to breach a significant structural area of the chart. Entry is on the failure…
A Better Way to Classify Candlesticks
I received an email during the last week seeking some clarification about a prior series of articles. I thought it best that I share this with you all, as my experience shows that if I’ve failed to adequately explain a concept to one person then there are likely many others who didn’t get the message…
Support Becomes Resistance – A Trade Example
Once broken, key areas of support will often act as resistance. Vice versa for key areas of resistance, which when broken will become future support. Let’s look at an example, of support becoming resistance. The beauty of this example is that it’s a challenging one from a trade management perspective (especially for people like me…
Expecting a Breakout Failure
I recently posted the following image on the YourTradingCoach Facebook page. For the sake of this article, ignore the text in the yellow box. Actually… don't ignore it… put it aside for now but do think about it later. It's incredibly important and may well reveal to you the real essence of trading psychology. But…
Trading a Massive Increase in Emotion
I want to write a short followup to last week's article – First Pullback After Significant Structural Change. Email feedback during the week made it clear to me that some information which I'd assumed was obvious, was not actually obvious to all readers. And as with most assumptions, it's actually INCREDIBLY IMPORTANT. The article…