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Check out the illustration above in a detailed breakdown of Rising Wedge Candlestick Patterns ??

Rising Wedge patterns can be recognized when higher highs & higher lows form creating a wedge that appears to be rising up. Rising wedges are bearish signals ?? ??

There are 2?? types of rising wedges:
?? ?? Reversal Rising Wedge
?? ?? Continuation Rising Wedge

- Enter when the breakout is confirmed.
- Exit at target of width of the wedge in relation to your trade with risk / reward in mind. ?? Stops can be placed above resistance line relative to the risk reward of the trade.

What are your thoughts on rising wedge patterns? Do you like this post? Let us know! ??

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Swing traders look to capitalize on price movement over the span of days to weeks. ?
This particular swing trading strategy focuses on catching a move up, on a stock that's trending up.

The main idea ?? of this strategy is to enter after the pullback has ended, where the trend can be anticipated to reverse back to an uptrend ??

It is important to look for trends that have a deeper pullback, this gives the trader more meat ?? to the upside, giving the trader a stronger risk/reward opportunity. Which is crucial for long term success ??

Look ?? for a pullback in an uptrend that's testing the 50MA (moving average) or further. (100MA & 200MA) ??

Here's how you can ride the wave ?????

?? Look for and identify a trend that respects the 50MA - Clear support is key! ??
?? If the downward moves is testing the moving average, be patient & wait for a bullish price rejection
? If you see bullish price rejection, it's an opportunity to go long.
?? Manage risk! Aim for at least a (3:1 Reward to Risk Ratio)

What are your thoughts on swing trading this pattern? Let us know what you think about catching the wave! ??

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What are your thoughts on this Benjamin Franklin quote on knowledge?

Let us know what YOU think is the most important skill to learn / discover / knowledge yourself in that will result in paying you the most ??

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When trading, having confirmation to enter or exit is key ?? and it's necessary to develop a profitable trading edge ??

There are 4?? main types of trading confirmation, will explain them briefly below ??

1?? PRICE ACTION - "The language of the market" used to identify key levels. Clues are given in the form of candlestick patterns and movement. Probably one of the most important skills you can learn as a trader ?? (other than risk management?? )

2?? FUNDAMENTALS / NEWS - Economic calendars, breaking news, tweets, world events ie. Can be very crucial for trade confirmations! However, the issue lies here with fake news, the validity of the news and pump-and-dump news that traps traders ??
3?? FIBONACCI LEVELS - A very popular trading tool used by a vast amount of traders. A proper Fib strategy will take practice, time to master, and a history of backtesting results to gain confidence in the way you utilize the tool ??

4?? TECHNICAL INDICATORS - There are a variety of indicators one can use at any time, however, it's not a good idea to clog up your trading charts with a glob of indicators - this will lead to confusion and mixed signals ?? Whether it's a simple moving average on your chart or a more complex indicator such as the Ichimoku Cloud ?????? - most to all traders use at least one indicator??

We hope this post helps traders learn about these 4?? ways to confirm entries and exits when trading, to make the most of your time in the markets! Let us know what YOUR favorite indicator is in the comment section ??

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A trading simulator (paper trading) ?? ?? is a a way to practice trading, such as buying & selling stocks and tracking your trading results. One can do this without risking any money, however, there's no monetary reward for trading success, as it is all simulated and not real money. ??

For new traders! ??
If you aren't profitable trading on a simulator, it's not wise to risk your money in the market quite yet ??

Here are some of our top pros and cons we have regarding paper trading. We believe it should be used for practice, and getting used to the tools without worrying about doing something that will cost you money when trading in the real world. It's great for gaining confidence & discovering if trading is a good fit for you ??

What are your thoughts on paper trading simulators? Have you used one before, using one now? Let us know your thoughts on paper trading and let us know if you have any other Pros / Cons about simulated trading! ??

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Check out the infographic for tips on how to understand the sheer basics of engulfing candlestick patterns, both bearish ?? & bullish ??

This is a simple, easy to understand example of what to look for when trading engulfing patterns?? This pattern can appear on all time frames, the daily time frame can be helpful to spot ?? the trend.

Wait for confirmation?? Volume is key?? ??

What are your thoughts on engulfing patterns? Let us know! ??

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When swing trading a bullish trend, here are the most common reversal levels traders use to help with spot on entries & exits. ?

Common Fib levels when anticipating price reversals / continuations are retracements that occur at the 38.20%, 50%, & 61.80% levels.

Retracement lines can be considered stronger in conviction when support and resistance levels coincide with a key moving average like a 50, or 200 SMA/EMA. ??

The Fibonacci Tool on Tradingview helps overlay the fib levels to a chart with ease. ? If you haven't used the fibonacci tool, Tradingview provides a great tool to quickly implement it in your trading. ??

Do you use the fibonacci tool as a trader? Let us know! ??

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When looking ?? at candlestick charting, it is going to be hard to interpret what a single candle means becuase there's no context! Context in this case refers the the prior candles and the following candles. ?

It's crucial ?? that you look at the candlestick in context with the prior and or the following candlesticks to help interpret the price action.

For example, when a hammer candle forms in a choppy consolidation period, there's not going to be a lot of significance there when looking for a strong entry/exit signal. However, if a hammer forms after a downtrend, it can carry much more signifcance as it can be a reversal signal. ??

What are your thoughts on candlestick context? Did this post help you understand anything about candles? Let us know! ??

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Excerpt from Market Wizards / Observation 33 ?????

"Don't be too eager to get out of a position you have been worried about if the market allows you to exit at a much better price than anticipated. If you had been worried about an adverse overnight (or over-the-weekend) price move because of a news event or a technical price failure on the previous close, it is likely that many other traders shared this concern. The fact that the market does not follow through much on these fears strongly suggest that there must be some powerful underlying forces in favor of the direction of the original position."

Sourced from Market Wizards, we definitely recommend giving the book a thourough read as it is filled with brilliant advice for traders. ??

What are your thoughts on this quote? Let us know ??

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Here's a helpful metaphor(s) for working on developing a profitable trading edge...

Convince yourself that trading is a SIMPLE game of probability. ?? ?? On a trade-by-trade basis the profit/loss outcome can be random but when a larger sample size of trades is strung together - a profitable edge will start to reveal itself.

In this instance, let's think how a casino works and how they run their gaming tables ??

They do NOT worry about whether the next spin of a roulette wheel means they�ll have to pay out the gamblers. And it�s of no concern that the next turn of a card means a gambler helps himself to a nice chunk of their money ??

They know the game is won over the long-term! ???

The casino boss ?? knows he just needs to keep on spinning the wheel and flipping cards for enough time to see their mathematical profitable edge begin to accumulate. ??

And it always will! ??

So put it into trading terms & visualize yourself to be a casino �spinning the wheel� or �flopping cards down� every time you place a trade using a proven system of trading!

What are your thoughts on this post and developing a trading edge like a casino boss would?? Let us know! ??

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Here are some helpful graphics that will help you depict and decipher what each bearish candlestick means and or signifies for the particular trading session. ??

From very bearish to least bearish, swipe right ?? to see all 6?? examples.

Do YOU have any thoughts or questions about how to read bearish candlesticks? Let us know in the comment section ??

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