Since Steve Nison’s introduction of the candlestick chart in the early 1990s, western traders have made it a staple of technical analysis. Regardless of asset class or product, scores of aficionados view Japanese candlesticks as an ideal way of interpreting market behavior. If studying price action piques your interest, you have likely heard of candlestick… Read more.
In the contemporary marketplace, pricing charts are the trader’s window to the action. Unless you craft your decisions based solely on fundamentals, having access to robust futures trading charts is a big part of achieving success.
To many people the idea of an algorithm, especially in the context of trading, might as well be describing the foundational elements of calculus or maybe even the guiding principles of general relativity. In essence, an algorithm seems as an incomprehensible system that is only able to be understood by a very few group of experts who have a dominate advantage to all other market participants because they can create these “undefeatable” systems.
I wanted to take a few minutes and discuss a trading formation, THE BULL FLAG.
Dead cat bounce? After initially breaking through the trendline, Orange Juice made an attempt to climb back above it Monday and Tuesday…
After all of the positive feedback for my How-To Guide: 10 Rules For Technical Futures Trading, I identified similar demand for a definitive guide on candlesticks.
So I created the How-To Guide: 12+ Candlestick Formations Every Technical Trader Should Know
50% off special on my new How-To Guide: 10 Rules for Technical Futures Trading
Bullish Hammers, as the name suggests, is a signal on a chart that alerts you to be on the lookout for a market that is setting up to reverse and trade higher! I’ve highlighted in yellow this exciting candlestick set up in the chart below.