Jun 28, 2022Price Action based Trading Strategies that goes beyond Price PatternsI am sure you have come across Price Action-based trading strategies that go over patterns like Doji bar, Inside Candlestick, and Bullish Engulfing etc. As a result, most of the traders think that price action trading strategies equals Price Patterns. However, the appropriate statement is that price patterns are only…Trading6 min readTrading6 min read
Apr 21, 2019Outside Bar Failure….When the market opens up and then fades down below the low of previous day — Bears are good and feel accomplished. During the last couple of hours, it reverses course and ends up closing above the last trading session. This makes bulls cheer up, and leaves bears holding the…Trading3 min readTrading3 min read
Apr 9, 2019Anti-Climax Pattern………..Price Action pattern by MommyTrades…. I would like to say a big ‘Thank you’ to Mommy trades for sharing a trading setups from her archive of Three Trading setups that she talks about on her website. In her own words “I like to trade without any emotions involved. Let the charts do the talking and…Trading5 min readTrading5 min read
Mar 28, 2019Using RSI Indicator for Daily Trading…One of the very first indicators I started using in my personal trading was RSI — Relative Strength Index. Usually the default setting that everyone like to stick with is RSI setting of 14 periods, but that can provide less number of signals in a day. Few traders solve that…Trading2 min readTrading2 min read
Mar 17, 2019What the hell is Heiken-Ashi candle, and how to trade it?Heiken-Ashi is a Japanese term that means ‘Average Bar’. It is a useful technique that you can use with your normal candle stick analysis to trade reversal or continuation trades. In other words, it can provide confidence to your trading set up and make charts more readable. Heikin-Ashi candlesticks use…Trading4 min readTrading4 min read
Mar 11, 2019Oversold in a newly established Bull Trend + Scanner you can useYou must have heard the phrase, ‘Trend is your friend’. Identifying the market bias correctly is key in improving your trading results. Price patterns, support & resistance levels can help in limiting your risk. The real edge comes mainly from getting the trend right. …Investing3 min readInvesting3 min read
Mar 5, 2019Trading Pullbacks……….Thought Process: When the stock is in a bull trend, every bearish candle gives hope to the short traders that it is the top and we are in newly formed bear trend, which will provide ample profits. We all know what happens 80% of the time. Unfortunately, in the trading…Investing3 min readInvesting3 min read
Feb 26, 2019Messing with Counter Trend TradersNobody likes uncertainty. In addition, when you are uncertain, and restless — you make mistakes. Emotion and jittery kicks in which makes situation even worse. Here is a dictionary definition “vague; indistinct; not perfectly apprehended” If you apply that feeling to your trading set ups, it usually happens when you…Trading4 min readTrading4 min read
Feb 17, 2019Member-onlyHow to Trade Exhausting Price Action?Thought Process: The price of a stock or any other security rises when buyers are willing to buy at a higher price. As the price moves up, so does their profits. Traders in long positions track the prices carefully, and want each subsequent price candle to close higher. That does…Investing3 min readInvesting3 min read
Feb 12, 2019Member-onlyWhat is a Choppy Market or Congestion Area?Generally, we as traders want the market to be volatile and make directional moves to book some profitable trades. (Of course, there are strategies you can use to profit from range bound markets; such as Credit spreads etc.). Let us keep those out for now. Congested market is whenever the…Education4 min readEducation4 min read
