The Yum-Yum continuation pattern is a unique price action trading setup from the Ultimate Trading Guide by John R. Hill, George Pruitt, and Lundy Hill. This book is one of my favorite sources for price action trading ideas. If I’m a book analyst, I would issue a “strong buy” for this book for its variety of […]
Three-Bar Reversal Pattern For Day Trading
Alton Hill from TradingSim, a day trading simulator, wrote about an enhanced three bar reversal pattern for day trading. According to Alton Hill, three-bar reversals are too common in intraday time-frames. To select the best three-bar reversal patterns for day trading, he wants the third bar in the pattern to close above the highs of […]
A Simple and Effective Price Action Trading Setup
Observing price action is the simplest way to trade. Yet, many price action trading setups are not simple at all, requiring interpretation of complex and subjective chart formations. The worst part is that traders often memorize price action trading setups without understanding the concept behind them. In this article, we will introduce a simple and effective […]
Looking Inside the Inside Bar for Day Trading
Two weeks ago, I saw an inside bar forming in the ES futures contract chart right in front of me. I pondered over this popular bar pattern. It is one of the most popular two-bar trading patterns and forms the basis of many trading setups including the three-bar inside bar trading strategy, the ID/NR4 trading setup, and the Hikkake. Armed with my […]
Bulkowski’s Retrace Day Trading Setup
Thomas Bulkowski is a well-known expert on chart patterns. His book, Encyclopedia of Chart Patterns, is the ultimate reference book for chart patterns. He has also shared some of his pattern research on his website, thepatternsite.com, where you can find this retrace day trading setup. (Explore: Dozens of Day Trading Strategies and Examples – Free Learning […]
3 Types of Price Charts
Prices are important in technical analysis. Let’s get to know the three standard price charts we use in technical analysis. To draw a price chart, we need to choose a time frame. Then, we need the open, high, low, and close prices of each period. For the following examples, we are using daily prices. 1. Line […]
