Candlestick Patterns – Candlestick Sentiment
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Reversal Pattern within an Opening Drive
Let’s start with the daily chart at the time of market open. Because it shows structure that has me VERY interested in trading to the LONG side. Let’s drop to the 1 minute trading timeframe chart, just three minutes after the open. Happy trading, Lance Beggs
Definition – Projection
Projection refers to the distance with which a price extension projects past the previous swing high (in an uptrend) or swing low (in a downtrend).
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…
Open in the Vicinity of Prior Day’s Low Support
Last Friday we looked at a couple of examples of Market Structure journal entries, one of which involved a weak emini Dow open in the vicinity of the prior day’s low. Let’s quickly review this example, and the lesson it offered. If you want to review the whole sequence you can see it here:…
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…
A Bias-Changing Event
We’re all familiar with the charts produced by news events that cause a sudden and massive expansion in volatility, as shown below in this example from my blog archives. (If you’re interested in the blog post associated with this chart, and an examination of the retest of support, you’ll find it in the free YTC…