Candlestick Patterns – Candle Pattern Stages
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How did I know this trade would win?
First up… let's identify the higher timeframe S/R structure at the session open (18 minutes before the trade). We'll do that via two charts, the first using the day-session data only and the second looking at the overnight data as well. Now let's move forward 18 minutes on our trading timeframe to see the trade…
Pullback – With a Hidden Trap
The first pullback after a change of structure – you all know I absolutely LOVE these trades. Especially when the prior structure was so damn frustrating. Because that can lead to a great move in the new direction. Same concept as always! When we have a strong directional bias, watch for any price action that…
Clues to a Quiet Trading Session
Some days the market offers complete rubbish. Monday was one of those days. So far we mentioned the following price action clues which helped form my decision to stand aside and watch and wait for better conditions. Overlapping price bars with little directional conviction Plus narrow range price swings Both combining to form…
Tight Stops
Here’s an extract from a great email conversation with one of the YourTradingCoach readers, in which he discusses the use of tight stops: “I adopted this approach in the beginning, but got stopped out of the market so many times I started to widen them. I’ve had on too many occasions the market pull back…
Trade Opportunity at Spike Highs
The market has opened and rallied. Not with great strength. In fact it's quite slow. But it rallies with a clear bullish bias. It's clear of all S/R levels, above the prior day's high resistance (now support) and well short of the next higher timeframe resistance level. Trade opportunity in such a case is…
Price Bar Reversal Patterns – Video 8 – The Island Reversal
Price Bar Reversal Patterns – The Island Reversal