Markets will surprise; how will you react?
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…
The Shooting Star and Inverted Hammer Candlesticks
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…
Using the concept of R for defining profits and losses in your trading
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…
The Hammer and Hanging Man Candlesticks
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…
Struggling trader? Give this exercise a try…
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…
The Triple Top and Triple Bottom Pattern
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…
Benefits from trading beyond money
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 Engulfing (Bullish and Bearish) Candlestick Pattern
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…
An alternative view as to why sticking to your trading strategy is important
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…
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…
Profit / Loss Ratio, Win / Loss Ratio, Win – Rate and Risk / Reward Ratio
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…
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…