Many successful professionals from other fields struggle when they try to trade for a living. One big reason is that trading has several crucial aspects that run against our intuition. Here, you’ll find seven trading tips that explain these aspects and help to improve our odds in this worthy challenge. If you pay attention to […]
Template for a Simple Day Trading Strategy
Many new traders gravitate towards a simple day trading strategy because they want easy solutions to the market puzzle. But as they gain experience, they realize that simple strategies are rarely profitable out-of-the-box. Yet, most traders still look for simple trading strategies. Why? Why do traders love simple trading strategies? First, it is easy to […]
Swing Trading with the Outside Bar Failure
You have seen many Outside Bars as you scrutinize price action. So you know first-hand how it could smash the expectations of committed traders. But you might not be sure how to take advantage of this unique bar formation. If so, this method offers a solid option by focusing on the pattern’s failure. Before we […]
Three-Bar Inside Bar Pattern
Price patterns have endless possibilities. Once you grasp the fundamental concepts of price action trading, a natural progression is to re-interpret classic bar patterns. That’s precisely what Johnan Prathap did in the Technical Analysis of Stocks and Commodities (March 2012 issue) by introducing the three-bar inside bar pattern. Introducing The Patterns Since this approach seeks […]
Trading The Engulfing Candlestick Pattern With Market Structure
If you are familiar with candlestick trading, you must know the Engulfing candlestick pattern. Its unique visual and dramatic name makes it one of the most popular price patterns. In this tutorial, let’s examine how to form a strategy by looking for this pattern within an ideal market structure. What is the Engulfing Candlestick Pattern? […]
How To Trade Major Reversals With 50% Retracement Zone
Reversal trading is a high-risk trading approach as you need to spot the exact turning point. Hence, reversal trades make sense only when you expect high rewards—the classic high-risk, high-reward method to taking advantage of market movements. Reversals, when you pinpoint them, offer huge rewards. But they are hard to get right. Hence, we should […]
