Candlestick Patterns – Candle Addition and Development
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Higher Timeframe Pattern Breakout
I don't actively seek to find patterns on my higher timeframe. But sometimes they just stand out as so obvious that you can't miss them. So I watch them for potential trade opportunity around the edges of the pattern structure. Usually for two alternatives – a breakout failure or a breakout pullback. Of course,…
210 Ticks in 5 Minutes: Could You Have Caught This Move?
A YTC reader Ryan asked if I could discuss a 210 tick move in Crude Oil that occurred at 11:25am ET on Thursday, March 15th 2012. Would you mind detailing the entry opportunity on that 11:25am short provided there was an opportunity? Thanks! This is the price move… (Note: the date/time difference is simply due…
When to Doubt a Pullback
I find the "grey areas" on a chart fascinating; the areas where our bias or premise start to show signs of breaking down and our decisions are clouded by the uncertainty that prevails at the hard right edge of our screen. This is where real learning happens! Where your knowledge, skills and attitude are pushed…
More… Anticipating Traps
In last week's newsletter we looked at a more enlightened way to use TA – anticipating and exploiting traps within the marketplace. Here's the link if you missed it: https://yourtradingcoach.com/trading-process-and-strategy/the-three-steps-from-ta-amateur-to-ta-professional/ Today, let's look at another example of the concept discussed in this earlier article.
Another Breakout Pullback Example
Feedback from the last article (Breakout Pullbacks – Sometimes They Come Fast) was very positive. Thanks! It seems that people want more examples of setups. Ok. So, here’s another, this time with a more ‘normal’ breakout pullback. I don’t often get an opportunity to trade the UK open but did so this last Tuesday, and…
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…