The Hikkake pattern is one of my favorite price patterns. Although it is a simple pattern, it demonstrates powerful price action concepts. In this tutorial, you’ll learn about a lesser-known variation of the Hikkake: Modified Hikkake Pattern According to Dan Chesler, the Basic Hikkake works for both continuations and reversals. On the other hand, the Modified […]
How To Find Pullback Trade Zones With Heiken-Ashi Candlestick Chart
Pullback trading is popular among technical traders due to its simplicity. And you can use Heiken-Ashi candlesticks to make it even simpler. In this tutorial, you will learn how to read Heiken-Ashi to find optimal zones for pullbacks. The Heiken-Ashi candlestick chart is not a tool I use regularly. But, over the years, I’ve noticed […]
How To Lay A Solid Foundation For Price Action Trading
Welcome to the fascinating journey of price action trading. Most new price action traders are eager to start trading and focus on looking for trading setups. Inevitably, they overlook the need to build a solid foundation as a price action trader. Don’t make this mistake. This guide will help you, step-by-step, to build the right […]
3 Price Patterns For Timing Your Trade Entry
Every trader approaches the market differently. But no matter how you analyze the market, you need a trade trigger – a signal that tells you when to enter the market. It’s an essential part of your trading plan. While you have many options, price patterns stand out as great candidates. Why? A trade trigger must […]
A Simple Way to Look at Price Action – Trend Bars
Understanding price action is simple. I am not talking about trading price action, but just reading it. I am referring to grasping what the market is doing right now. Price action results from the struggle between buyers and sellers. It is the footprint of the fight between the bulls and the bears. When you look at […]
Swing Trading with Stochastic Oscillator and Candlestick Patterns
New traders make the mistake of treating candlestick patterns as simple trading signals. They do not realize that most candlestick patterns are defined using the last two to three price bars and ignore the price action context. Hence, it is crucial to combine candlestick patterns with other methods of analysis. In this swing trading strategy, we […]
