Candlestick Patterns – Candle Pattern Stages
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Identifying SMA Turn Points Ahead of Time
I was recently discussing EMA vs SMA with a trader who uses moving averages as a component of his analysis. (Note: EMA = exponential moving average; SMA = simple moving average) Specifically, one part of his methodology requires the identification of a turn of a short-term average against the trend to indicate a weakening of…
What Were They Thinking?
I love trading in places where other traders have got it all wrong! There are many ways to see these areas. This article will focus on one method. It's certainly not my primary method but if you like it you may want to look out for these opportunities: Identify breaks of significant price levels which…
Scalping
I’ve been following a great blog (http://forexbird.blogspot.com/) for a couple of months now and it’s inspired me to spend a week or two playing with a reduction in trading timeframe. And I have to say that while trading is without doubt a serious business, I haven’t had so much FUN in years. Despite his excellent…
Opportunity Exists where you find Frustrated Traders – Part 2
Feedback suggests that people got a lot out of last week's article, so let's continue with that topic one more time. Check it out here if you missed it – https://yourtradingcoach.com/trading-process-and-strategy/opportunity-exists-where-you-find-frustrated-traders/ This was the general idea though – I'm always looking at the market from the perspective of "the other trader". In particular, seeking…
The Good News About Bad Market Openings
I love market opens. The time of day that typically offers the greatest pace and potential for range expansion. But let’s be honest – sometimes they suck. I have a rule – two failed attempts at something and I consider standing aside. Three failed attempts and it’s compulsory. Today I’m standing aside after two attempts….
Spring the Trap
I'm not a pattern trader. I look at the internal strength and weakness within the price movement; seeking opportunity at places of traps or weakness against the bias. But there are some patterns that are based around similar concepts, such as the Wyckoff Spring and Upthrust. If you trade patterns, these are two which…