Candlestick Patterns – Hammer
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Are Short Timeframes Just Noise?
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Lower Timeframe Triggers into Trading Timeframe Setups
I'm a big fan of using a lower timeframe to trigger into setups identified on a higher trading timeframe. Typically that lower timeframe trigger will be based upon some kind of candlestick or micro-chart-pattern. The following was an email request I received from a trader who is developing his skills at the same concept. Mr….
Wrong Wrong Wrong Right – 2
If there is one thing I want people to take away from all these years of writing about markets, it’s an acceptance of the fact that you do NOT have to get every trade right. New traders have this incredible need to be right. I know because I was there myself once. And because I…
Wait for the Fakeout
A common complaint I hear from traders is "the broker ran my stop!" Here's the thing though… it's usually not your broker. It's your failure to properly recognise the real nature of price movement. The nature of the markets is one of tests, retests and probes of prior levels. If you've developed a belief about…
Candlestick Charting – Video 2 – Candlestick Sentiment
Candlestick Patterns – Candlestick Sentiment
Stop Hoping Your Trade Will Win
Fact: There is a disconnect in the mind of the novice trader. They know that not every trade will win. But upon entering a trade, they desperately hope that it will win. Hoping your trade will win increases the potential for poor trade management. Hoping to win means difficulty taking a loss. Hoping to…