Candlestick Patterns – Candle Addition and Development
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Every Session Contains Learning Opportunity
Every session contains learning opportunity! In fact… multiple learning opportunities. Review EVERY one of your trading sessions. And find something! Whether it's in something you did poorly, something you did really well, or perhaps even something you missed entirely. There's a lesson. Find it! Whether it's a new insight. Or reinforcement of the basics. There's…
It’s All About Real-Time Contextual Decision Making
You've learnt the pattern or setup. Great. But that's not trading. Now work on the real-time contextual decision making around that pattern or setup. Look beyond the pattern itself to the wider context. Where is the pattern occurring within the larger timeframe market structure? What structure will suggest avoiding this particular setup? What structure…
I’m Trading What I See, Not What I Think! So Why Am I Still Anxious?
Common advice is to trade what you see, not what you think. I've never been comfortable with that advice. As a discretionary trader, it just doesn't make sense. We're not machines; what you see is determined in a large part by what you think, and in fact by what you feel.
Better than Candlestick Patterns – Part Five
(Previous articles in this series: part 1; part 2; part 3; part 4) So far, we’ve discussed: A simple technique for classifying (or naming) candles and gaining a feel for short-term candle sentiment. The importance of context – examining where the current pattern is occurring within the market structure in order to determine the technical and psychological impact of that pattern…
Reversal Pattern within an Opening Drive
Let’s start with the daily chart at the time of market open. Because it shows structure that has me VERY interested in trading to the LONG side. Let’s drop to the 1 minute trading timeframe chart, just three minutes after the open. Happy trading, Lance Beggs
If you find yourself out of your trade, the reality is that you won’t always find a way back in!
Hindsight analysis is always suspect. Our normal human biases have us believing that we would have made the optimal trade decisions. After all, they always look so simple with the benefit of hindsight. So I'm always hesitant to provide my thoughts on someone else's trade review. But it's the Christmas / New Year week…