Price Bar Reversal Patterns – The Open Close Reversal
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Risk management is not just setting stops. A risk management review of your business should involve identification of all risk and establishment of controls or treatments to ensure you appropriately manage that risk. Risk treatments are usually classified into three categories: Avoid the risk, Transfer the risk to another party, or Reduce the risk. …
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Seriously… who would buy here? Ok… enough talking in general concepts. I always get in trouble when I do this, because someone will email me including a chart which shows an exception to the rule. Whatever! Generally… it's not wise to buy in these areas. And this brings us to the point of…
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Pullbacks… a simple retracement structure depicted in textbooks as smooth flowing and simple to read. Reality though, is usually not so kind. Far too often these pullbacks will be a mess. Full of chop, false-starts and stop-outs. Or unexpected and sudden shifts in pace or volatility. Price action seemingly designed to confuse you and…