Trading reversals based on price action, candlestick analysis and support and resistance is a profitable trading strategy. It’s been working for me for many years. But it only works if your entries, stops and targets are correct. In this post I will show you where you have to get in (entry), where you have to cut …
Time to get real! Everything you have learned about price action, trends, candlesticks and support and resistance will now come together in an actual trading strategy. So far I’ve shown you the three basic components of price action trading: Candlesticks Trends Support and resistance How do we bring these elements together in a trading strategy and more importantly; what …
Read moreMy reversal strategy. Profit when price changes direction
You can draw support and resistance zones by looking at areas on your chart where price has bounced off. You then draw a horizontal line to connect these bounces, but there is more… In this post I’ll reveal my tips and give you some rules for drawing your support and resistance lines or zones. The …
Read moreRules and tips for drawing support and resistance zones
By drawing support and resistance zones on your chart, you can see exactly where the buyers and sellers are located. In this post I’ll show you exactly how to do this. Every modern trading platform has drawings tools to edit your charts with. To draw support and resistance zones on your chart, use the horizontal …
Read moreHow to draw support and resistance zones on your chart
Being able to spot and draw support and resistance zones on your chart, is one of the most important skills you need to learn as a trader. I will explain exactly how to do this and how you can benefit from it. Once you master this part you’ll feel like Neo in The Matrix! 😉 …
Read moreSupport and resistance. Why price stalls and bounces
In recent posts I have explained to you that candlesticks tell us the story of price. Instead of a single candle, we’ll now look at the story of multiple candles. As mentioned before; you should not just look at candles as patterns and that also applies to a series of candles moving in the same …
Read moreHighs and Lows. From short story to the big picture
If you’ve been reading my previous posts, you should now know a lot more about price action and candlesticks. I briefly introduced you to the indecision candles, which announce indecisiveness in the market. In this post I’ll elaborate on these indecision candles and how they can help you as a trader looking for setups. What is indecision? Indecision literally …
Read moreIndecision candles. Spotting indecisiveness in the market
If you followed the previous articles, I hope that you now realize that candlesticks are not just colored bars or patterns with exotic names such as Inverted Hammer or Shooting Star. Candles are price. A super detailed representation of what price has recently done and what price is doing at the moment. Nothing more and nothing less. So …
As a trader your goal is to profit from price movements. To do this you have to buy and sell at the right time. But it’s also very important to know when you should not trade and stay out of the market. In this article you will learn what the 3 phases of price movement are …
Read more3 Phases of price movement. Trends, ranges and transitions
Forget everything you know about candlesticks . Forget about terms like Doji or Morning Star. Candlesticks simply tell us the story about the struggle between buyers and sellers and as traders we want to be able read that story. Every candle starts out as a baby and at the end of its life, it tells you exactly what happened …
Read moreHow to read candlesticks. All traders must learn this