Price Action to Predict Market Turns

Predicting Market Turns with Price Action

If you watch market action closely you will pick up on a reliable market pattern.  Strangely enough it is almost totally independent of the time frames you use.  It does not matter if you are using 1 minute 15 minute, one hour, daily or even weekly time frames.  Watch this video or any of your charts on any stock, ETF, or index and research this for yourself.  You will find that the market reverses itself after runs of 3-4-5 or 6 consecutive trends.  Technically this is called the Reversion to the Mean.  After a short run like this it seems to just run out of gas.

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Candlestick Sentiment Trading

Trading Candlesticks

As many of you know, I have been trading for over 22 years. As the years go by I become a bigger and bigger fan of Candlestick analysis because it shows investor sentiment.  Here are four of my friend Steve Bigelow’s latest  “How to Trade…” series. [Read more…]

The J-Hook Pattern for Massive Partners

How to use the J Hook Patterns in Trading

Often you get in an uptrend when trading and you just know that it is about to pull back or do a trend reversal.  Thus the J Hook becomes your best friend.

Robert Hooke FRS was an English natural philosopher, architect and polymath. He originally discovered what became the J Hook pattern. He made contributions to human knowledge spanning Architecture, Astronomy, Biology, Chemistry, Physics, Surveying & Map Making, and the design and construction of scientific instruments.
The J-hook starts with a strong uptrend that produces stronger than normal returns in a short period of time. The J-hook provides some simple profitable applications. The first uptrend usually shows candlestick sell signals when the initial upmove comes to an end. You could confirm this with other indicators such as oscillators.

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Bracket Trading Using the ATR

Using The Average True Range

Here is a short video on using the Average True Range to determine the brackets for your trading system to determine your profit potential with your trading method.  Read our previous post on the Expectancy Formula.

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