Price Bar Reversal Patterns – Intro
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Buy because there are No More Sellers
From last weeks article (Return to First Principles)… You must aim to BUY at areas where you know others will buy after you, because their buying will create the net orderflow or bullish pressure to drive prices higher, allowing you opportunity to profit. You must aim to SELL at areas where you know others will…
Watch Breaks Against Bias for Failure Opportunity
Within hours of publishing last week's article, I received contact from two readers who both had identified similar opportunity within other forex pairs. First, see last week's article here if you missed it: https://yourtradingcoach.com/trading-process-and-strategy/feeling-joy-when-i-look-at-this-price-action/ And let's check out the followup… First was a twitter message from AC: @YTCtrading Aussie/USD this morning 🙂 Same same…
Candlestick Charting – Video 7 – Hammer
Candlestick Patterns – Hammer
Three Losses in a Row
3 losses in a row are tough. That’s about the most consecutive losses that novice traders are psychologically prepared to accept before they feel compelled to take action and ‘correct’ the situation. If you’re anything but a total newbie, I’m sure you’ll recognize the symptoms: Frustration – Why me? I’ve worked so hard. Everyone else…
The Most Important Question You Can Ask
As a discretionary trader, the MOST IMPORTANT question you can ask during analysis and trade management is: Where are the orders? I had an email chat this week with a trader, Bruce, who is progressing well in identifying potential sources of orderflow for trade entry. Bruce took a limit order buy entry at point B…
How I Define the Trend
I occasionally get email requests asking how I define the trend, so to save on future email replies here’s the short answer… It seems that perhaps many people assume I use an EMA, given that the charts shown in my newsletter typically display an EMA(20). That’s not my trend definition though. I use fairly standard…