Price Bar Reversal Patterns – The Hook Reversal
Price Bar Reversal Patterns – The Hook Reversal
I am quite a fan of Al Brooks' first book, "Reading Price Charts Bar by Bar", despite the fact that we trade very differently. Out of close to 400 pages, there is the one idea which has stuck with me more than any other. From page 384: "Countertrend setups in strong trends almost always…
All Market… All Timeframes. 1. Determine the bias 2. Enter on a trap setup against the bias The following provides an example for longer timeframe equities traders, using a Weekly / Daily combination.
There is great opportunity available in the markets when OBVIOUS expectations fail to be met. Sometimes you see these coming. Other times you need to find yourself on the wrong side of the market first. But if you understand this concept and can recognise it as it sets up, you can quickly reorient yourself and…
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…
Email Question: Could you please take a quick look at these setups and tell me what you think. Is my line of thought correct? With hindsight both of these pullbacks seem to me valid entries long. I think in both cases the small bearish traps at the end of PBs/CPBs play a significant role and…
The following image was a recent post at YourTradingCoach Facebook. If you want to check the pattern out, it's 11th Dec 2013; GBPUSD; 3 min TTF; at 09:51 UTC. Today I'd like to discuss the statement within the yellow box, "Real opportunity is found at the edges of market structure, where the risk is smallest…