Candlestick Patterns – Hanging Man
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I absolutely love this email I received recently, from a trader who is making tremendous progress in his growth and development. It's nice and simple. Just one single line… Feeling joy when I look at this PA. And here's the attached image: (It's a large one so I've reduced the size. Click on the…
When the Pullback moves TOO DEEP TOO FAST
Let's look at a trade from Tuesday which was quite challenging to take. One in which the pullback moves too deep… and WAY TOO FAST. One which triggers the question in your mind – "Is this a pullback or is it the start of a complete reversal?" Every trader is familiar with this feeling!…
Trade Review – Should He Have Exited?
I received a question from a reader who made an exceptional trade but was concerned that he should have exited the trade much earlier, scratching for a small loss and then possibly seeking re-entry. I love this! I would typically expect most traders to be ecstatic about a win. But it's a sign of…
More… Anticipating Traps
In last week's newsletter we looked at a more enlightened way to use TA – anticipating and exploiting traps within the marketplace. Here's the link if you missed it: https://yourtradingcoach.com/trading-process-and-strategy/the-three-steps-from-ta-amateur-to-ta-professional/ Today, let's look at another example of the concept discussed in this earlier article.
Will This Trade Win?
Let’s try and improve your thought process at the time of trade identification and entry. Will this trade win? Let’s start by looking at the higher timeframe structure. And now the trade entry on our Trading Timeframe chart. Will this trade win?
Reversal Pattern within an Opening Drive
Let’s start with the daily chart at the time of market open. Because it shows structure that has me VERY interested in trading to the LONG side. Let’s drop to the 1 minute trading timeframe chart, just three minutes after the open. Happy trading, Lance Beggs