Candlestick Patterns – Candle Addition and Development
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Watch Post-Breakout Behaviour – 1
This is what I like to see in a breakout… This is a prime target for a breakout failure. But I don't ever just jump in and fade the break. There is never any certainty in this game. It may well rally. Instead, I watch post-breakout behaviour and CONFIRM that there are no…
Almost a Complete Strategy in Itself
Ok, maybe not quite a complete strategy. More of a good foundation from which one can be built. Let’s revisit the exercise discussed last week in Trader Performance Drills – Part Three. This was of course not meant to be traded. It’s a drill. An exercise used to improve skill in quick market analysis. In…
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…
Do Higher Timeframes Trend Better? Not Always!
It’s commonly stated, particularly in the currency markets, that higher timeframes trend much better than lower timeframes and are therefore much easier to trade. It's stated that lower timeframes are subject to too much "noise", with choppy, overlapping price action full of stop running and false breakouts.
Daily Market Structure & Price Action Study – 5
See here if you missed the earlier articles – No. 1, No. 2, No. 3, No. 4 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. It's a simple task that takes…
A Simple Step to Becoming a Better Trader
After every trading session, find something you can learn from. Perhaps a market structure feature. Perhaps an interesting sequence of price action. Perhaps a trade management insight. Whatever you find to be of most value! Document it. Store it in your journal. Review your journal as often as possible. Two examples… 1. A…