Price Bar Reversal Patterns – Intro
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This is the REAL Challenge of Trading
Price has collapsed rapidly at the start of the new session Following the initial low, then a retest, price pulls back to offer us a 3-swing-retracement entry short (also could just as well be considered an upthrust). (Chart Info: Crude Oil, 20 Jan 2012, 1-min chart; although the concept discussed in this article applies to…
Session Open Breakout Pullback
In some sessions, the trade of the day is right there within minutes of the session open.
It’s Game On! Let’s Trade!
I operate with three general levels of engagement – Trading, Trade with Caution, and Stand Aside. Because not all conditions in the market are the same. If you haven't done so, I highly recommend adopting a similar practice. Take some time to consider the factors that might trigger each level of engagement in your…
Simple Session Bias – 3 (Spot Forex)
I had no plans to continue this recent topic on use of the opening range to provide a quick and simple assessment of "bigger picture" session bias. But I had a few traders ask how it should be applied to the forex markets. You can see the two prior articles here, if you missed…
The Importance of Exit Strategy – Part 1
I was chatting to another trader this morning about exits, and thought it might be time to share my understanding of ‘the basics’ of exit strategy and exit management. It really is an area of trading that gets very little attention compared to the other end of the trade – the entry. Go into any…
Stop Running – And What You Can Do About It
One of the most common email questions I receive at www.YourTradingCoach.com is on the topic of stop running. Sometimes the question comes as a result of the trader having been stopped out on too many occasions by just a tick or two, leaving them to watch from the sidelines while the market then moves in…