Watch how seasoned pro trader Tim Racette of EminiMind trades the Futures markets on a daily basis.
The Meeting Lines is a two candlestick reversal pattern. The bullish Meeting Lines formation occurs during a downtrend. A long body bearish candlestick is followed by a long body bullish candlestick whose body is lower than the first candle. The closing price of the two candles are very close. The bearish Meeting Lines occurs in … Read more
In the 1700’s a Japanese man named Munehisa Homma, a trader in the Osaka rice futures market, developed a method of technical analysis to analyze the price of rice contracts known as candlestick charting. Homma used Sakata’s Five Methods, patterns derived from rules used by local traders from his hometown of Sakata, as the foundation for … Read more
Step 1 – Look for 3 WHITE SOLDIERS against Minor Price Resistance, and/or a declining Major Moving Average (10 MA, 20 MA, or 50 MA). Ideally you want to find a series of 3 green candlesticks; however, 2 green candlesticks can also work well. Step 2 – Pull up a 15 min. chart of the … Read more
Price action trading is a term that you frequently hear among traders currently. It is popular due to its minimalism and applicability across different markets and timeframes.
In this course we will cover key areas of market analysis and trading strategy in video format with lessons spaced at one week intervals. Topics we will cover will include: Moving Averages Fibonacci Japanese Candlesticks Momentum Oscillators Elliott Wave Theory Harmonic Trading Key Chart Patterns Pivot Points Trading the News Trading Strategies Risk Management Trading … Read more
By Tim Racette The first step to becoming a successful trader is developing a sound foundation of tools and knowledge in which to trade. Whether you’re new to trading or been at it for years, the tools and strategies outlined here provide a solid foundation for a successful trading career. Before we delve into actual … Read more
Three Line Strike is a four candlestick continuation pattern. The bearish three line strike occurs in an downtrend. The first three candlesticks are made up by the Three Black Candlesticks pattern. The final candlestick in the series is a long bodied white candlestick that opens below the third candlestick and closes above the first candle’s … Read more
The Bearish Three Inside Down pattern occurs during a uptrend. The first two days are a Bearish Harami, where the second candle is contained withing the body of the larger candle. The third, confirming candlestick is black and has a lower close than the second candlestick.