Sharp pullbacks are one of the most challenging market conditions to trade because they give the opposite side of the market the courage to start trying for a full reversal – which is why I wait for a very specific entry pattern.
Continue readingAn easy way to pinpoint your entries in a trending market is to look for pullbacks into the high-volume area on the chart, which is usually where the candlesticks are overlapping and the moving-average is flat.
Continue readingOne of the important questions we ask ourselves during strong trends is.. “who came first? The bulls or the bears?” That’s going to determine which direction I focus my attention on.
Continue readingWhy are four legs so important? Because it alerts me to start looking for either a trading-range or a flag pattern. Once I see that pattern on the chart, I know precisely where the best entries and exits will be from there.
Continue readingThe markets are battling back and forth inside of narrow ranges this evening, which means the goal is to fade the breakouts using the best 1-2 combination set-ups on Thursday.
Continue readingI like to “flip the momentum” when I see a strong counter-trend pullback by using the stop-losses as FUEL for the move going back with the original trend.
Continue readingThe first week of March is filled with range-bound markets, which means my plan is to fade the breakouts using the ‘pendulum swing’ as our main locations for entries and exits going into Tuesday’s session.
Continue readingWhy Are Grind Breaks Such Big Clues? (1) They tell me to expect a short-term correction, and (b) they tell me exactly where that correction should go — which (c) gives me the opportunity to play both long and short sides with the right entry setup.
Continue readingWe had some strong moves going back into the weekly ranges this afternoon, but these “skinny” channels aren’t very attractive to buy, which tells me precisely where to be looking for a BETTER opportunity tomorrow morning.
Continue readingWhy are expansion levels so important? Because the best way to trade ranges and channels is to look for entries that are just a bit outside the extremes because it gives you the opportunity to “Risk Small to Earn Large!”
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