Candlestick Patterns – Candlestick Sentiment
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First Pullback in a NEW Directional Trend
REFERENCE: Definition of a sideways trend – Vol 2, Ch 3, Pages 99-102 Not all trade setups are equal. You need to collect and review your stats to determine which setups provide your A+ MUST-NOT-MISS potential opportunity of the day. For me, the first pullback in a NEW directional trend is one of these…
S/R Levels – When Do They Become Invalid?
I produced a few articles on general S/R theory a couple of years ago. https://yourtradingcoach.com/trading-process-and-strategy/support-and-resistance-the-greatest-trading-tool/ https://yourtradingcoach.com/trading-process-and-strategy/support-and-resistance-2-swing-highs-and-lows/ https://yourtradingcoach.com/trading-process-and-strategy/support-and-resistance-3-areas-of-congestion/ https://yourtradingcoach.com/trading-process-and-strategy/support-and-resistance-4-round-numbers/ Plus an article demonstrating the trade opportunity available when S/R changes polarity (S becomes R): https://yourtradingcoach.com/trading-process-and-strategy/support-becomes-resistance-a-trade-example/ And a recent blog post which demonstrates how I define my S/R levels on my higher timeframe: “Plotting S/R – Here…
Gaining Confidence in Taking the Trap Entries
Last week I shared a short article on trap entries and how they're applicable in all markets and all timeframes. It was essentially just based on the following image: This led to a comment on facebook as follows: "When you show an example like that it seems to be so easy, but to get in…
Where Would You Enter Short?
Question from YTC reader: I traded ZIOP a few times today (I will attach the daily, 30 min and 3 min which are the charts I use below) I entered on the fourth 3 min candle right after the pullback and set my stop below the low of day. It was a good trade…
Daily Market Structure & Price Action Study – 4
Week 4 of 4 while I'm away from home… From the original post: 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 no more than five minutes, but…
Dealing With Market Uncertainty
The nature of the markets is uncertainty. Human beings do not like uncertainty. In fact we fear it at the very depths of our soul. Much of our society has evolved in an effort to reduce the uncertainty we face in day to day life, through controlling the environment, and implementing a structure of laws,…