Candlestick Patterns – Shooting Star
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Trading Failed Expectations
The following YTC Social Media post was just about a perfect example of the concept of trading failed expectations. I received a question on the facebook post about trade entry. So let's look at the trade I took in this area – a test of Low-of-Day support. Noting of course that there is one…
Managing Part Two of your Trade
The following is some recent email Q&A regarding the management of part-two of a trade (all-in scale-out), following the exit of part-one at it’s target. EMAIL: Hi, I just started demo-trading and I’ve found out that I have absolutely no idea how to manage target two. I trade GBPUSD 30min/3min/30sec. I like the idea of…
Candlestick Charting – Video 2 – Candlestick Sentiment
Candlestick Patterns – Candlestick Sentiment
Pre-Open News Trap
I’m always fascinated by the decision making of “other traders”. In particular those who trade in places where I suspect they’ve possibly got it very wrong. Like here… It’s a simple model for decision making, which I find particularly useful. As you watch price you will sometimes find yourself thinking… “WTF! Really! Who would buy…
The Double Failure Pattern
Let's continue one of the secondary themes from last weeks article: "Trade against those who attempt to fight the market bias, aiming to enter at or before the point of their trade failure, to profit from their exit orderflow." One way I love to see this set up is via a double failure pattern. This…
Trading the Most-Challenging Market Environments
Risk management is not just setting stops. A risk management review of your business should involve identification of all risk and establishment of controls or treatments to ensure you appropriately manage that risk. Risk treatments are usually classified into three categories: Avoid the risk, Transfer the risk to another party, or Reduce the risk. …