Candlestick Patterns – Hanging Man
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With hindsight, Tuesday's Crude Oil session started off the first few hours as a narrow-range sideways low volume market. Note to self – I've often said I should avoid rollover day. One day I should listen to myself. In a ranging market, the best opportunity is usually found at the edges, in particular when it…
Stop and Reverse
I don't often reverse a position when stopped out. Usually the failure of a trade in one direction does NOT automatically mean that the opposite direction offers good opportunity. Most often when they do occur it's because I'm attempting a counter-trend trade and find myself caught in a trap. The stop and reverse allows me…
Price Bar Reversal Patterns – Video 4 – The Open Close Reversal
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Expectations for the Pre-Holiday Session
For intraday traders… the following outlines my expectations for trading the last session before a long weekend. I always expect a narrow-range, low volatility and low liquidity market. I monitor it with an expectation of having no trades, UNLESS the market can prove that it wants to make a strong directional move. Only then will…
Traps Just Before RTH Open – 4
Traps immediately before the open… we've discussed them a number of times over the last year. Here are some of the previous discussions, if you missed them: https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open/ https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open-2/ https://yourtradingcoach.com/trading-process-and-strategy/traps-just-before-rth-open-3/ And you'll probably find a few more examples if you scroll back through the social media feeds. The thing is though – the…
Situational Awareness for Traders
Situational Awareness is a concept which has been instrumental in shaping how I conduct my market analysis. Many of you may not have heard of this concept, so I thought it would be good to provide a brief introduction today. And if there’s interest from readers we can go a little deeper into the topic…