Price Bar Reversal Patterns – The Bullish Rejection Pattern
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Stop and Reverse
I don't often reverse a position when stopped out. Usually the failure of a trade in one direction does NOT automatically mean that the opposite direction offers good opportunity. Most often when they do occur it's because I'm attempting a counter-trend trade and find myself caught in a trap. The stop and reverse allows me…
Traps Against Bias
There are a few concepts that I tend to repeat often. "Traps against market bias" is one of these concepts. Not just because they form a key part of my trading approach. But also because traps are difficult to trade for many traders. Psychologically, they can feel really uncomfortable. But in my opinion, when the…
It’s All About Real-Time Contextual Decision Making
You've learnt the pattern or setup. Great. But that's not trading. Now work on the real-time contextual decision making around that pattern or setup. Look beyond the pattern itself to the wider context. Where is the pattern occurring within the larger timeframe market structure? What structure will suggest avoiding this particular setup? What structure…
Difficult Sessions – How Should This Have Been Traded
Reader question: Sir, With due regards, I am trading with Indian bourses, NSE NIFTY index futures. Today in spite of my best efforts I couldn't profit. What strategy would you recommend for days like this? Regards, RR. AttachedChart: Response:
The Psychology of Re-Entry
Here's some great email Q&A: Question: I had a question around re entry, staying alert and the psychology around it. How does one stay mentally alert and focused when stalking for re-entry opportunities when: say the 1st entry resulted in a 1:1 for the 1st contract and a break even stop for the 2nd? Also,…
A New Market Model – The Market Is A Self-Deception Mechanism – Part 1 of 2
Here’s a different way of viewing the markets and the game of trading, which I particularly like – the market is a mechanism for self-deception. This idea comes in part from the world of military strategy. Deception is a key principle of warfare, as stated by Sun Tzu in one of his most famous quotations:…