The 1-2-3 trading setup is a classic price pattern for trading reversals. Victor Sperandeo popularized it in his book – Trader Vic: Methods of a Wall Street Master. This excellent book offers more market perspectives than specific trading tactics. But the few setups discussed in the book are illuminating. This tutorial discusses my interpretation of […]
How To Trade Reversals By Spotting The Big Players
If you’re reading this, you’re likely to be a small player in the market. For small retail players, one way to succeed in the market is to observe demand and supply. And the best way to do so is to follow the big players. Who are the big players? The banks? The hedge funds? The […]
Head And Shoulders Pattern Trading Guide (In-Depth)
The head and shoulders pattern has a memorable name and a striking look. But the quote below confirms that the head and shoulders pattern is more than just a cute pattern. It offers real value to traders. Head-and-shoulders tops are the best performing bearish chart pattern in a bull market. Thomas Bulkowski, Author of Encyclopedia […]
4 Trading Strategies For The Trend Line Tactician
Price action traders can’t do without their trend lines. Trend lines are practical tools for tracking and trading trends. It makes sense to form trading strategies with this simple but useful tool. Many traders who seem to trade with a blank chart have in fact internalised the art of trend line drawing. They can visualise the […]
9 Tools That Trend Traders Can Use to Find Reversals
What is your trading strategy for finding the most reliable trend reversals? As a trend trader, you want to position yourself along with the market trend. A trend reversal is both your entry and your exit. This is why you must answer this question to the best of your ability. Focusing on finding the best […]
Finding Reversals with Consecutive WR7 Patterns
The range of a price bar (or candlestick) is useful but often overlooked. It shows the price range (high-low) within a specified period. Volatility bar patterns fill this area of neglect. Examples include NR7, NR4, Inside Bar, and WR7. A WR7 bar has the widest range among the last 7 bars. (It is the direct opposite of […]
