Reading price action means knowing what the market has done and what it is doing now. Armed with this knowledge, we increase our chances of predicting what the market will do. (If you have no idea what price action is, take a quick look at our Price Action Trading Primer. We’ll wait here for you.) […]
3 Delicious Weekly Trading Setups
The Yum-Yum continuation pattern uses range expansion to confirm break-outs that continues the trend. Learn: Yum-Yum Continuation Pattern Traders of this pattern must buy at the top of a bull trend and sell at the bottom of a bear trend. For intrepid traders only. Yum-Yum patterns on weekly charts are opportunities to scale into an investment […]
Three-Bar Inside Bar on HD Daily
HD Big Picture – Three-Bar Inside Bar HD has been bullish for a long period. The bull trend line is holding up. Recently, HD had deeper pullbacks which led to the trading range. The first break-out above the trading range was rejected strongly. However, price soon broke out again and is currently pulling back to test the […]
NR7 Trading Strategy
The quiet period before the next explosive market move is like the calm before the storm. NR7 helps us to find the calm so that we can prepare and profit from the impending storm. NR7 means narrow bar 7. It is a bar that has a smaller range than the six bars before it. It […]
Improved Three Bar Pullback Pattern
Trading pullbacks is the darling of price action traders. There are many ways to qualify a pullback and one of the simplest method is the three bar pullback. In the Futures & Options Trader magazine (August 2008), Lee Leibfarth suggested some improvements to the three bar pullback. (Active Trader has replaced The Futures & Options Trader […]
Pin Bar on MSFT
MSFT Big Picture The larger context of MSFT is bullish. Price has been rising as highlighted by the bull trend line. Price broke out of key resistance level is retracing. (Resistance might have flipped to support.) Higher major swing lows. MSFT Small Picture The smaller context is also bullish. Strong bearish outside bar to below […]
