Book Review: Come Into My Trading Room by Dr. Alexander Elder

One of the books that I read when I began learning trading is: Come Into My Trading Room: A Complete Guide to Trading, authored by Dr. Alexander Elder.In my opinion, this is one of the best books for beginners, as it provides a comprehensive introduction to trading essentials as a solid foundation to build upon.In this book, Dr. Elder shares three important pillars of trading: Mind, Method, and Money (3M).The first M, Mind, refers to your trading...

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ABANDONED BABY BULLISH vs. BEARISH

Both Abandoned Baby Bullish & Bearish are 3-day reversal patterns.Whether a pattern is bearish or bullish reversal, it depends upon whether it appears at the end of a downtrend (Abandoned Baby Bullish) or an uptrend (Abandoned Baby Bearish).As you may have noticed, Abandoned Baby Bullish & Bearish patterns resemble Morning Doji Star & Evening Doji Star patterns, respectively.The main difference between Abandoned Baby Bullish / Bearish...

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MORNING DOJI STAR vs. EVENING DOJI STAR

Morning Doji Star & Evening Doji Star resembles Morning Star & Evening Star.Morning & Evening Doji Star patterns can be seen as the variation of Morning & Evening Star patterns.The main difference is that for Morning & Evening Doji Star, the 2nd candle is a Doji.When the 2nd day candlestick is a Doji (i.e. Morning & Evening Doji Star), the chances of reversal are higher, and hence the reversal patterns are usually deemed more...

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