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.
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Introduction to Candlesticks
This post is an introduction to Japanese candlesticks (also known as candles for short) and will act as a foundation for my future posts on the specific types of candlestick patterns and ideas on how they can be used in trading.
In today’s post I will explore Profit / Loss Ratio, Win / Loss Ratio, Win – Rate and Risk / Reward Ratio, and how they could aid you in your trading.
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Two Types of Price Patterns
Price patterns can in general be put in either the continuation or reversal category. Markets are either trending or range bound (non trending) and it’s this transition between trending, ranging and back to trending markets where continuation and reversal patterns normally come in.
When I started getting interested in mindfulness a couple of years ago, I did my fair share of reading up on it; and in doing so I came across the RAIN method: a method that I feel might be of use to some traders. The RAIN method is what this post is about.
In this post I will be covering the double top and double bottom pattern; classic chart patterns in technical analysis known as reversal patterns. Before I get into this post I want those of you that want to know what technical analysis is to check this post out, and for those that need to know more about support and resistance can read about it here; both posts will make what I’m about to discuss a lot more clear.
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Ego and Trading
If you trade long enough, you will notice ego being talked about a lot, whether it’s through trading blogs, podcasts, videos or books; ego will pop up. You might even start to ponder if your ego (we all have egos) poses a problem to your trading and so you might try to find out more on it like I did. Ego and trading is what I’m going to write about in today’s post.