Price Bar Reversal Patterns – The Key Reversal
Price Bar Reversal Patterns – The Key Reversal
I often talk about identifying the areas where “other traders” are trading in really dumb places. Places where they’ve found themselves trapped in a really low odds trade. Or trapped out of a position they wished they were in. Places of emotion – fear, anger, regret! These areas of the chart often provide us with…
From time to time I receive a question at www.YourTradingCoach.com asking the winning percentages, or accuracy rates, for each of the individual candlestick patterns. It’s a reasonable question. The trader is hoping that by establishing the probabilities of success or failure, they can then focus more on the higher probability patterns and minimise their exposure to…
Here is some great email Q&A with a YTC Newsletter reader Thomas… Question: Hey Lance, Hope you are well! Got one question for you. Looking at the below 3-minute chart when would you say we went from uptrend to downtrend? I often have a hard time reading the market after a large move in one…
See here if you missed the earlier articles – No. 1, No. 2, No. 3, No. 4, No. 5, No. 6 The concept: I've been writing online for over a decade now. And for that whole time I've been promoting the idea of daily study in both Market Structure and Price Action. It's a…
Trading for me is all about the metagame. My aim while looking at price action is NOT to find patterns in the traditional manner, but rather to look at that price information from the perspective of the other traders. What are they thinking? Where are they trading? What happens if they're wrong? It's orderflow…
For those day traders who might be stuck in a cycle of continual failure… what if you narrowed your focus? Some days there might be no opportunity. That's fine. Other days there might only be one trade opportunity. Again that is fine. The idea is that this is not necessarily a permanent change to your…