Candlestick patterns have little value without the right price action context. If you’ve been studying candlestick formations, you must have heard this principle many times over. You cannot trade patterns in a vacuum. But what do we mean by context? It is an overall technical assessment that encompasses: The market’s trend Support and resistance structure […]
Hikkake Trade Setup
Hikkake means to trap, trick, or ensnare. Dan Chesler discussed this candlestick trading setup in the Active Trader Magazine in April 2004 (“Trading False Moves with the Hikkake pattern”). Primarily, this price pattern seeks to identify inside bar breakouts and profit from their failures. An inside bar is a price bar that is entirely within the […]
Jjrvat’s Price Action Trading Approach
A price action trading approach is not as specific as a setup or strategy. But it is far more useful because it offers market perspectives that will empower you to form your own strategy. In this article, you’ll learn about a scalp trading approach imparted by jjrvat on Elite Trader, a popular trading forum, back in […]
Belt Hold Candlestick Pattern Trading Strategies Guide
The belt hold formation is a unique candlestick pattern. As a single candlestick, it offers one of the most explicit signals of the current market direction. But simply knowing how to identify this pattern is not enough. You’ll also need to learn specific ways to trade it effectively. In this trading guide, you’ll learn to: […]
How To Track Price Swings And Market Structure With Moving Averages
Load a price chart with a sufficient number of candlesticks. You will find that the market rarely moves in a straight line. The market moves in waves or swings, which form the basis for mapping out the market structure. Market structure is a cornerstone of price action trading. First, you need to analyze the market […]
A Simple and Complete Trend Line Trading Strategy For Price Action Traders
Trend lines are fascinating trading tools for analyzing price action. It is not the Holy Grail. But it does force you to focus on price action and help you align with the market bias. By combining trend lines with price patterns, you can also use it to pinpoint trade entries. This versatility explains its popularity […]
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