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Thread: Price reversal points

  1. #111
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    Quote Originally Posted by fxtrader View Post
    Hi Kolapo, is it just me or is that picture way too small to read? I tried zooming in but the image becomes more fuzzy. Would you kindly PM me this image or someone tell me how to view this clearly.

    Also, with reference to Blott's image, i am trying to understand how you got the first RM (K). Why didnt you take low Point E. Based on point E the RM at L would also be slightly off unless there is a gap on the chart that i cant see because of clarity. Please clarify.
    Hi fxtrader,
    The way I see it, AKC produces RM point L (centre vertical thick red line) but point F is not the other side of a gap, it is merely a minor intermediate wave, which with E & G produces the balance point below point G. I think the only part FEG plays is in establishing that balance point halfway between K & L. Is there anything I should know here?

    Cheers,


    Mike

    PS Is there any way admin will allow us to upload better quality pics?

  2. #112
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    Combined reversal confirmation

    Great thread...
    Thanks guys.......
    Attached Thumbnails Attached Thumbnails Price reversal points-reversal-confirmation-1.jpg  

  3. #113
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    Price reversal points

    hi George my desktop have been providing crap pics of late hope you can see this clearly.Price reversal points-public13.jpg

  4. #114
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    Kolapo how did u triangulate this RM point??? It looks like you have taken the wrong low point based on the two high point trendline. The low point you used is not even between the two high points and not even considered an outside point. Please explain clearly what u have done

  5. #115
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    Hi Kolapo,
    In the pic in your post 114, assuming one would sell when the white ZZ and Float hits the red line, would your target be when the Float indi has risen up again to meet the red line again?

    I wonder if saving chart pics as Active Chart and increasing the pixels to e.g. 1200x1200 would imiprove screen viewing?

    Cheers,


    Mike

  6. #116
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    Smile Price reversal points

    hi blott and fxtrader it might be my pixels as you said.have you guys watched. reversal magic video 2, how to use gaps?you will understand here is another collaboration.same point cheers.post what you see based on what you learn. its not difficult.float got the same point.Price reversal points-public15.jpg

  7. #117
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    blott if you mark out your triangulation points it will give you a target that will align with the non lag, the first clue you will have is when the 50% balance point is printed on the charts project to 100% it gives a rough estimate.float some times is one notch early because it counts only the bars not putting market distortions into consideration.the videos are self explanatory,have you done it?

  8. #118
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    Quote Originally Posted by kolapo View Post
    blott if you mark out your triangulation points it will give you a target that will align with the non lag, the first clue you will have is when the 50% balance point is printed on the charts project to 100% it gives a rough estimate.float some times is one notch early because it counts only the bars not putting market distortions into consideration.the videos are self explanatory,have you done it?
    Am still downloading them (not got cable).
    I understand Float can't be accurate to a bar, but generally, the time to reverse trade is when it reaches the red line? So, if I was short gbpusd when float hit the line on M30 (just at that big upsurge), this means my target should be when float climbs up again and approaches the red line once more?

    Mike

  9. #119
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    Hi kolapo

    No it's still to small.

    Like this


    Price reversal points-test2.jpg
    Last edited by Georgebaker; 02-20-2012 at 09:24 PM.

  10. #120
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    Screen shots

    HI,
    I wonder if this pic will be more distinct.

    Cheers,


    Mike

    Nope!
    Attached Thumbnails Attached Thumbnails Price reversal points-eurusd-1800x1800-pixels.jpg  

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