My reversal strategy. Profit when price changes direction

reversal-strategy

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 …

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Indecision candles. Spotting indecisiveness in the market

Indecision candles

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 …

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Candles are price. Nothing more and nothing less

candles are price

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 …

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How to read candlesticks. All traders must learn this

how-to-read-candlesticks

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 …

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