Price Bar Reversal Patterns – The Closing Price Reversal
Price Bar Reversal Patterns – The Closing Price Reversal
Let's look over a trade I particularly like, from earlier this week. It's nothing special in terms of returns. But it took an otherwise dull session from breakeven into profits. And it displays many of the concepts that we have discussed here in the newsletter over the last few years. So I particularly like…
The plan was simple. Catch the opening drive. And bask in the glory of a winning start to the new session! Three failures… compulsory time-out! Note that this doesn't necessarily mean three losses. The first two were small wins. The last was a small loss. I'm still in front. And now have some important…
Price Bar Reversal Patterns – The Pivot Point Reversal
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…
Last weeks newsletter article (“The Most Important Question You Can Ask”) generated quite possibly the second largest email workload ever (behind the 4-day backlog generated by “6.18 Reasons Why Fibonacci is an Illusion”). The feedback was all incredibly positive and supportive of my efforts with the YTC site. Thanks to all who responded. It’s greatly appreciated….
The following was a reader email, regarding some specific price action on Jan 29th, 2011, in the EUR/JPY: Question: I have question for you. I have attached a 5 min chart on Friday as a JPEG file. Note the candlestick in the circle which is very long and sudden up and down. Also the shadow…