Candlestick Patterns – Candle Pattern Stages
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Limit Orders at Range Boundary
EMAIL QUESTION: Do you ever use a limit order to trigger into a trade? I've been trying to use limit orders when the market is in a trading range, selling at the top, buying at the bottom. If this is a fools game could you please set me straight with an explanation of why this…
Higher Timeframe Pattern Breakout – 2
Last week we looked at the following chart sequence showing an obvious symmetrical triangle pattern within my higher timeframe chart. See here if you missed the recent article – https://yourtradingcoach.com/trading-process-and-strategy/higher-timeframe-pattern-breakout/ I don't know if I was somehow influenced by that article. I don't usually look for patterns on the higher timeframe chart. It's primary…
Stay Ahead of the Aircraft
Some words of wisdom from back in my days as a pilot… "Never let an aircraft take you somewhere your brain didn’t get to five minutes earlier." It’s essential as a pilot to stay ahead of the aircraft. This means projecting your awareness ahead of your current location. Anticipating what is coming, considering what that…
Active vs. Passive Trade Management
I thought I’d share some recent email Q&A on the topic of active versus passive trade management. There is so much more that could be written on this subject. Hopefully you’ll find this initial email question and reply to be of interest. Feel free to share your thoughts as well if you agree or disagree….
Recognise the Current Conditions. And Adapt.
I'm displaying charts without any trade markers here, so that you can focus on the price action without any distraction. Because there is a very important fact that not everyone gets. And rarely is it displayed in such a simple and obvious manner, as it is with the two charts we'll discuss today. That…
Pullback Test of Short-Term Resistance
Context is far MORE IMPORTANT than the trade entry trigger. One of the dangers that newer traders face is too much obsession with Lower Timeframe or Trading Timeframe entry trigger patterns. I've been there myself. We all seem to get stuck there. Entry trigger patterns are exciting. They're simple to see. And most importantly,…