In this post I will explain the symmetrical triangle as a chart pattern being used by many traders as part of their trading arsenal. This pattern is very popular in the realm of technical analysis and can be either of the continuation or reversal type as you will see shortly.
As traders markets will often frustrate us. This is normal and especially so in the beginning of a trader’s journey. If you stay in the game long enough and are serious about trading, you will eventually find ways on how to deal with them.
In this post I will cover the shooting and inverted hammer candlestick patterns (also known as pin bars to many traders). They are reversal candles, meaning they indicate that the prevailing market trend may come to an end. Before I go any further, if you are new to candlesticks, you can read about candlestick basics here.
I first touched on this concept of R in this post where I gave a simple exercise to hopefully help traders out there to stick to their trading strategies. I realised then that this defining of risk and profits in terms of R might come up in some future posts again, and so decided to write this post on it to explain it a bit better. Let’s start.
In this post I will cover the hammer and hanging man candlestick patterns (also known as pin bars to many traders). They are reversal candles, meaning they indicate that the prevailing market trend may come to an end. Before I go any further, if you are new to candlesticks, you can read about candlestick basics here.
Let’s say that you have been trading for a while. Let’s say that your results have been less than stellar and that this is because of problems that show up when you are trading. These problems could be a combination of any of the ones that I’m going to list below.
In this post I will explain triple tops and triple bottoms as chart patterns being used by many traders as part of their trading arsenal. They are classified as reversal patterns in technical analysis and are very popular.
To make money in combination with freedom to work from anywhere, being your own boss and being able to do anything that you want, when you want is some of the main reasons why people get into the trading game; at least initially. But in this post I want to point out some other benefits (non monetary) that trading offers, that can actually improve you as a person. That’s if you stick to trading long enough. Sometimes it happens without you even realising it.
This post will cover the bullish engulfing pattern and the bearish engulfing pattern that forms part of the many candlestick patterns out there that is used in trading. The engulfing pattern is a very popular candlestick pattern and in my opinion all traders should at least know about it. Before I start, if you are new to candlesticks and want an introduction, you can start here.
For those traders that are just starting out, you are probably already on the quest to find the holy grail of trading strategies. And for those traders that have been trading for a while and are sticking to / trying to stick to their trading strategy realized that there is no holy grail trading strategy. As many traders are struggling to stick to their trading strategy, I will try by using simple examples from businesses to explain why it’s important to stick to your trading strategy and why it makes sense to do so. Let’s start.