Price Bar Reversal Patterns – The Open Close Reversal
Similar Posts
Trading Gaps
A great email question from Mike: I know you don’t trade stocks but I’ve always read that you leave gaps alone due to reversals. But take LOCM today; what’s the buy point? I’m thinking $4.30 or is this to soon, or would $4.50 be the safer buy. I found it at $4.30 but stayed away…
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…
Trader Performance Drills
Here’s another great email question from a reader… Question: Hello Mr. Beggs, I am serious about trading, but I am still a newbie. What are three things that I can practice to improve my performance that can be repeated a lot and will continuously provide me feed back on my results? You currently being a…
How Quickly Can You Identify the Current Market Environment?
Here's a documentation & learning tip which can really add significant value to your trading knowledge, and in time to your level of skill and confidence. Create and maintain a knowledge base documenting everything you know about every aspect of market environment: How to recognise the environment / the features of the environment. The nature…
Advanced Candlestick Analysis (Part 1 of 2)
Do you remember the feeling of excitement when you first discovered candlestick patterns? Simple textbook patterns which promised to get you into every market reversal, right near the beginning of the move. If you’re like most of us traders, you bought a book on candlestick patterns, or scoured the internet for the best of the…
Buy Because There Are No More Sellers (with lower timeframe)
A fortnight ago we looked at a few trades which were entered using the concept of "buying because there are no more sellers"… or "buying because the market can't go down". https://yourtradingcoach.com/trading-process-and-strategy/things-do-not-change-we-change/ I've received some requests for another example. And two people asked to see what I'm looking at on the lower timeframe. So…