The Pinocchio Bar or Pin Bar is a popular price pattern among traders who use technical analysis. The Pin Bar is easy to spot, and you can trade it effectively within the market’s support and resistance structure. The dynamics underlying this simple price pattern is intriguing. In Martin Pring’s Technical Analysis Explained, he calls the […]
How To Uncover Price Action Trading Patterns From Scratch
Are you fascinated by price action trading patterns? Have you learned about candlestick patterns like the Engulfing and Harami? Have you studied volatility patterns like the NR7 or the ID/NR4? If you answered yes to the questions above, then you must’ve wondered about their origins. More importantly, you must’ve wondered how you can uncover price […]
The Complete Breakaway Gap Trading Guide
Gaps, or windows, are a vital feature on charts that show up in daily (and above) price charts. These gaping holes in your chart are the result of extreme supply and demand imbalances. And the gap pattern with the best reward-to-risk ratio is the breakaway gap. As a swing trader, you cannot ignore gaps. Gaps […]
Piercing Line Candlestick Trading Guide With Chart Examples
The Piercing Line is a dramatic candlestick pattern. This bullish formation packs two formidable price action concepts: climax and reversal. Here, you’ll learn this superb candlestick pattern through three detailed charts. But first, let’s run through a short primer on the Piercing Line candlestick pattern. How To Identify The Piercing Line Candlestick Pattern The Piercing […]
A 46-Point Price Action Trading Plan Checklist
Designing your first price action trading plan is daunting. There are so many approaches to consider and decisions to make. On top of that, there’s that nagging thought that you’ve missed out something critical in your plan. This is why you’ll find this trading checklist helpful. Try your best to answer the questions in this […]
3-Step Pullback Trading Method
This 3-step method for trading pullbacks comes from Richard Deutsch’s excellent Udemy course. It uses the Keltner Channel to identify trend momentum and tradeable pullbacks. From there, it relies on price action to select the best pullbacks for entering the market. Note: I’ve interpreted the source material with my observations to form the trading rules […]
