Candlestick Patterns – Shooting Star
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Traps on a Retest of a Level
My normal trading times are between 09:30am and 12:00 midday US Eastern Time. You won't see many trades after midday because in my timezone that is 3:00am. It's time to complete my post-trading routine before getting some well deserved rest. But occasionally circumstances allow me to push a little beyond this midday (3:00am) time…
This is the REAL Challenge of Trading
Price has collapsed rapidly at the start of the new session Following the initial low, then a retest, price pulls back to offer us a 3-swing-retracement entry short (also could just as well be considered an upthrust). (Chart Info: Crude Oil, 20 Jan 2012, 1-min chart; although the concept discussed in this article applies to…
Buy Because There Are No More Sellers (with lower timeframe)
A fortnight ago we looked at a few trades which were entered using the concept of "buying because there are no more sellers"… or "buying because the market can't go down". https://yourtradingcoach.com/trading-process-and-strategy/things-do-not-change-we-change/ I've received some requests for another example. And two people asked to see what I'm looking at on the lower timeframe. So…
Stop Running – And What You Can Do About It
One of the most common email questions I receive at www.YourTradingCoach.com is on the topic of stop running. Sometimes the question comes as a result of the trader having been stopped out on too many occasions by just a tick or two, leaving them to watch from the sidelines while the market then moves in…
Fading the Edges of the Market Structure
Fading the edges of the market structure requires that you see the markets in a different way to the usual retail trader. Strength in price movement towards a range boundary or an S/R level is not necessarily going to continue with strength following a breakout. In the right context, this apparent strength can produce…
“But it’s scary!” “What if it fails?”
I received some interesting comments about a trade in a recent article – https://yourtradingcoach.com/trading-business/the-good-the-bad-and-the-ugly/ Here's an image from the article, showing the entry SHORT against a single wide-range bullish candle. Review the original article if you want to see the context behind the trade. For now though, I want to discuss some concerns that…