Candlestick Patterns – Candle Addition and Development
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The Other Trader (5)
Let's continue with a series we started last year – the metagame – trading AGAINST other traders who find themselves on the wrong side of the market. Because… If I can't feel someone on the other side of the market getting it really wrong, there is no trade. You can see the prior articles…
The Double Failure Pattern
Let's continue one of the secondary themes from last weeks article: "Trade against those who attempt to fight the market bias, aiming to enter at or before the point of their trade failure, to profit from their exit orderflow." One way I love to see this set up is via a double failure pattern. This…
Pullback Test of Short-Term Resistance
Context is far MORE IMPORTANT than the trade entry trigger. One of the dangers that newer traders face is too much obsession with Lower Timeframe or Trading Timeframe entry trigger patterns. I've been there myself. We all seem to get stuck there. Entry trigger patterns are exciting. They're simple to see. And most importantly,…
Price Action Principles – Timeframe Independent
I just want to take the opportunity here to remind those on higher timeframes that almost everything I write should be thought of as largely timeframe independent. Most of the examples I provide will come from very low timeframe charts. Why? Because that’s what I trade! But while the chart images I show in newsletter…
Tick or Range Charts vs Time Based Charts – Example 2
While my analysis is usually conducted on time based charts, last week’s article discussed the one period of time when I always refer to tick or range based charts (usually monitoring both). If you missed it, you can read it here: https://yourtradingcoach.com/trading-process-and-strategy/tick-or-range-charts-vs-time-based-charts/ I’ve had a couple of requests for another example, with one request also…
Dealing with Psychological Pressure Post-Entry
From YTC Facebook: Posted Wednesday 4/6/14: It’s psychologically draining to enter a trade and then watch it almost immediately move to drawdown. But here’s a fact… the best entry technique for any particular trade CANNOT be known until the trade is over and reviewed with the benefit of hindsight. We can’t expect to…