Price Bar Reversal Patterns – The Pivot Point Reversal
Price Bar Reversal Patterns – The Pivot Point Reversal
Patterns repeat – again and again and again! And in time, many of your trades will start to look similar to others. Let’s revisit a trade from a prior article – Volatility Contraction within a Sideways Range. And then another trade, just this last week. There is a real benefit to post-session reviews of the…
One of the most obvious changes in my own trading over the last decade is a willingness to take fewer trades. It used to be that if there was a price swing… I wanted to trade it. On the plus side this meant that I was there for everything that did move to good profits….
Active Trade Management for most people simply involves trailing of the stop loss order, first to breakeven and then behind significant price features as the market moves on its path towards the target. However there are other options available for those who wish to explore further. It can also involve scaling in and out of…
One thing I love about the really low timeframes is some of the unique patterns they create. One of these is the ledge… or multiple bars pushing against one price level creating a short-term support or resistance level.
There were two lines in last week's article, which I want to continue exploring today. Good trading isn't just about winning trades. Just as important is managing yourself during those times when you don't have a good read on the market. This business is HARD. And I tend to perhaps focus on the negatives a…
Ok… maybe not you… but too many traders DO have too much focus on individual trade results. I get a LOT of email from readers asking about particular trades; where they went wrong in their decision making and how they could have done better. While it's great to review each individual trade, the wording in…