Price Bar Reversal Patterns – The Closing Price Reversal
Price Bar Reversal Patterns – The Closing Price Reversal
I don't often trade after midday Eastern Time. It's the middle of the night here and I'd much prefer to get some sleep. But from time to time I'm alert and awake and there is no chance I'd be able to sleep even if I tried. So I'll complete some of my post-session review…
I don't recall who said this… and I'm paraphrasing… but I absolutely loved it when I heard it and it's stuck with me ever since. "Why shouldn't we try to pick tops and bottoms? That's where the risk is smallest and the profit potential is greatest." (If you recognise the actual quote can you…
Some people are not going to like this article. That’s fine though. We may just have to agree to disagree in the end, because this is an argument that has been going on forever on trading forums without ever finding any common ground. Of course… my side of the argument is the right one… but some people…
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. …
When the market is stuck in a sideways trading range, the primary place to look for opportunity is at the upper and lower edges. When the market is stuck in a sideways trading range, the primary place to look for opportunity is at the upper and lower edges. Important References: Sideways Trend definition: Volume…
In previous articles I mentioned that my analysis involves monitoring price action, in order to gain an insight into the short term sentiment of the market. Determining who is in control at that time – the bulls or the bears. And assessing how they’re likely to respond to changes in the market. I thought today…