Why do we need to understand the concept of trapped traders? What exactly do we mean by trapped traders? What are some specific strategies we can use to identify the flow of trapped traders? We want to find traders who are trapped because they lose money. If we find them and take advantage of the […]
4 Effective Ways to Trade a Channel
Price channels are helpful indicators for maintaining focus. Unlike many other trading indicators, they plot directly over price action. Instead of distracting you from the price action, channels offer a useful framework for analyzing market movement. There are many flavors of price channels out there. But their recipe boils down to two ingredients: A representative […]
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 […]
4 Price Action Trading Strategies For Pullback Traders
Pullback trading is a fantastic starting point for new traders. It emphasizes the importance of respecting the trend and defining your trade risk. The cornerstone of finding pullback setups involves gauging when a pullback ends. In this list, we’ll explore four trading strategies that use price action analysis to do this. Pullback Trading Strategies Two-Legged […]
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 Limit Risk and Take Profit for Pullback Trading Strategies
Pullback trading is a common trading strategy. New traders like it for its simplicity. And seasoned traders appreciate the value of staying with the trend. But entering the market on a pullback is just the first step. You will also need to carefully consider how to limit your risk and secure your profits. To do […]
