Candlestick Patterns – Candlestick Sentiment
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Daily Market Structure & Price Action Study – 8
See here if you missed the earlier articles – No. 1, No. 2, No. 3, No. 4, No. 5, No. 6, No. 7 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….
Trade Review – Pullback
After several days of post-Hurricane-Sandy nothingness in the markets, finally the Crude Oil Inventories report was being released. Perhaps this will move the markets! Postponed twenty four and a half hours from it's usual release time, it's been highly anticipated at my trading desk. Thankfully it didn't disappoint (or at least the first 10 minutes…
Simple Session Bias
Maintaining context is essential for effective price action trading. And while that is true for all timeframes, it's especially so in the lower intraday timeframes where you can easily get caught up in the tick-by-tick battle between the bulls and bears. My primary tools for context are the trend structure which I view on…
Establishing a Bias From the Open (Part 2 of 2)
Establishing a bias intra-session is a simple process of following our 6 principles for future trend direction. It's a little more difficult at the session open though, when the lack of prior data adds to the uncertainty. Last week we worked through an example in which we established a bias from the open. Essentially it's…
Candlestick Charting – Video 11 – Dark Cloud Cover
Candlestick Patterns – Dark Cloud Cover
It’s Game On! Let’s Trade!
I operate with three general levels of engagement – Trading, Trade with Caution, and Stand Aside. Because not all conditions in the market are the same. If you haven't done so, I highly recommend adopting a similar practice. Take some time to consider the factors that might trigger each level of engagement in your…