Candlestick Patterns – Shooting Star
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One of the Best Habits I Acquired along my Trading Journey
I posted the following image on social media on Tuesday, showing a nice example of a false breakout and reversal from a period of volatility contraction. The important point though… and the one which offers the most value to you… is not the image itself but rather the text that was posted alongside the…
Simple Session Bias
Maintaining context is essential for effective price action trading. And while that is true for all timeframes, it's especially so in the lower intraday timeframes where you can easily get caught up in the tick-by-tick battle between the bulls and bears. My primary tools for context are the trend structure which I view on…
Candlestick Pattern Win Percentages
From time to time I receive a question at www.YourTradingCoach.com asking the winning percentages, or accuracy rates, for each of the individual candlestick patterns. It’s a reasonable question. The trader is hoping that by establishing the probabilities of success or failure, they can then focus more on the higher probability patterns and minimise their exposure to…
OMG! One of My Trades Lost Money!
The more I involve myself with trader education, the more I realise that a key error on the part of most traders is their failure to truly understand and accept trade loss. I see it all the time in reader emails – "WTF! This trade lost! How could it have lost?" We all understand the…
Consistent, High-Quality Repetition of Process (4 of 4)
Previous articles (if you missed them): It's a Process It's a Process – 2 It's a Process – 3 – Longer Timeframes Happy Trading, Lance Beggs