Candlestick Patterns – Inverted Hammer
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Limit Orders at Range Boundary
EMAIL QUESTION: Do you ever use a limit order to trigger into a trade? I've been trying to use limit orders when the market is in a trading range, selling at the top, buying at the bottom. If this is a fools game could you please set me straight with an explanation of why this…
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Trading offers you incredible freedom of choice. You have almost complete control over when and where you will take on risk. And of course, how much risk. But while this freedom is great in theory, it's potentially devastating for many who are still searching for their edge. I suspect MANY developing traders would find…
Study the Transitions
Let’s talk about Market Structure and Price Action study, commencing with a question I received on Thursday – Do you still do daily study of market structure? And my response, sent out via social media: A followup comment from the original questioner… “I’ve tried this in the past but not been able to stick with…
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I trade low timeframes. Maybe you've noticed? 🙂 But I've always said that no one timeframe is better than any other. There are professional traders operating across the full spectrum, from watching the tape move tick by tick, right up to daily and weekly charts. There is no "best"; only what is best for…
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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….