Price Bar Reversal Patterns – The Island Reversal
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One of my Favorite Setups
Don’t make things more complicated than they need to be. This setup is simple and it appears time and time again. Sell a rally to resistance in a downtrend Buy a fall into support in an uptrend Here’s one recent downtrend example.
The Double Failure Pattern
Let's continue one of the secondary themes from last weeks article: "Trade against those who attempt to fight the market bias, aiming to enter at or before the point of their trade failure, to profit from their exit orderflow." One way I love to see this set up is via a double failure pattern. This…
Profit from the Pain of the Other Trader
Always think about the other trader. Where have they entered? How do they feel? Where are they going to stop out of their position? Consider the traders entering short here:
Real Opportunity is Found at the Edges of Market Structure
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…
Trading Gaps
A great email question from Mike: I know you don’t trade stocks but I’ve always read that you leave gaps alone due to reversals. But take LOCM today; what’s the buy point? I’m thinking $4.30 or is this to soon, or would $4.50 be the safer buy. I found it at $4.30 but stayed away…
What if you Narrowed Your Focus – 2
I want to expand upon an idea we discussed in a prior article – https://yourtradingcoach.com/trading-process-and-strategy/what-if-you-narrowed-your-focus/ That is the idea that while learning and developing as a trader, you may find greater value in narrowing your focus and specialising in just one small segment of the daily trading session. The suggestion was that rather than fight…