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Thread: Price reversal points

  1. #11
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    this method is a bit subjective.for instance angle of trendline combining bars.

  2. #12
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    Price reversal point

    Hi Fantom, i put a float indicator on a post there to help with confirmations.put mt4 zigzag and the non lag zigzag on a plain chart.combine it with the float.the blue line on the float identifies reversal points by calculating the bars.you can use the excel sheets as well.lets discuss what you see .you can use your confirmations as well .its price and time boxed up.good luck.

  3. #13
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    Smile Price reversal point

    hi Fantom this is a typical 5min chart.Price reversal points-public4.jpg

  4. #14
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    I see there are some different coloured 'lights'. Are these settings you have used in the nonlagging indicators?
    Regarding the Float, i assume the way to read it is when the blue bars hit the red line a reversal is highly probable?

    This is a fascinating discovery as when this coincides with a 'D' point in any of the patterns then we can confidently trade it.

    Im still trying to get my head around the information in the pdfs you so kindly included.

    Any further guidance greatly appreciated. I currently trade the patterns off levels of support and resisitance only. I did some extensive study this week on murrey math but i havent been able to conclusively use the mm lines with harmonics.

  5. #15
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    Smile Price reversal points

    hi everyone you will find out the major reversal points are when you have an alignment of the first blue line on the float with the turning point of the non lag zigzag .if you get the last blue line showing and you have a white zig zag.it works perfectly on any time frame.as i said earlier take first profit 50% although the theory says [Ganns theory}7 times the first wave.Please do not sell it is a tried and tested system of triangulating price versus time.ATTACH=CONFIG]301[/ATTACH]Price reversal points-public6.jpg
    Attached Thumbnails Attached Thumbnails Price reversal points-public5.jpg  

  6. #16
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    Hi Foxy do not change the settings on the non lag.its perfect for reversals.its been a 1 year research work.it works try it on any time frame.i started using it for harmonic patterns only to discover it works for all waves if you have the alignment shown above.cheers

  7. #17
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    Smile Price reversal points

    Typical 5mins set up.you can apply any type of confirmation you like .i can see the balance point.apply confirmations with other indicators if you like .the Redline on the float is 50% retracement.Price reversal points-public8.jpg

  8. #18
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    Price reversal points

    Golden Finger.mq4.i also use this for confirmation Foxy

  9. #19
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    Hi Kolapo, this thread has really grabbed my interest, i have appended the float, the nonlagzigzag and the golden finger indi's to my charts.
    I see that the blue bars when coinciding with the white zigzag lines does indeed result in a reversal which is great. I use ivar too which also concurs that a reversal is probable. I notice that there are some reversals where there are not so many blue bars but the price does indeed to go the red line target in the box. What is your opinion about this?
    What would be wonderful is if you could include a chart showing your thinking and what you look for, in the indicators too. I understand if its beyond your scope of time and im sure you are already very busy with what you do, however, it would enable us to learn and hopefully be able to have more profitable trades. Despite having almost a decade of trading experience, discovering harmonics just a few years ago has dramatically changed my trading pattern and although my success rate remains similar, i have many more trading opportunities. Your contribution so far has me feeling that this could be a major contribution to the next step in my trading direction, so you must forgive my enthusiasm.

  10. #20
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    gann is very difficult. ihavent been able to understand for 3 years.float and rm as well

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