≈ Which candles are our favorite? ≈
Candles are the building blocks of all charts. A candle is a single unit of time, that tracks the Open, High, Low and Closing price of that unit of time. When combined, they can form immensely powerful patterns that give us traders indications of what may happen next. Candlestick analysis can help us in overall probability analysis and to identify trend changes, pivots forming and entry points.
Any technical analysis is strengthened with good candlestick analysis. If you have not mastered the patterns, make sure you study them. A great place to start is with the STEP system, Module 1.2. Let us know how we can help you learn candlestick analysis and how to use them in your trading.
Chart of the Day
Video of the day
The popularity regarding candlestick charts comes from the simple visual relationships they can help a trader understand.
The Lonliest Game
Welcome back everyone, last week we expressed some common frustrations that traders face and we covered how these emotional events can affect our state of mind and in turn affect our trading results. We discussed things that we know can affect how we trade and we also talked about things we may not know that are affecting us
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Cashflow Club 8:30 PM EST
Held every Thursday before Friday’s option contract expirations, this show helps you perfect your favorite cashflow strategies.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
Financial freedom is a journey
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