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Thread: Price reversal points

  1. #21
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    Dont be fooled by the visual history since there is nothing stopping the float/zigzag to repaint on a new high or low
    Last edited by wickedwin; 02-03-2012 at 08:41 PM.

  2. #22
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    The whole principle is based on Ganns theory that any financial instrument that hits above 45 degrees where time and price collides must reverse.we have to define price in relation to price which i call triangulation.one of the visible feature is price must reach its balance point to reverse itself.its an action and reaction situation. when price is going in a direction it leaves an imprint of where it will reach and a counter action where it will go next.if you can identify those positions.with a bit of confirmation you are on the money.There is little i can post here without infringing copyright.this link represent part of the story http://www.youtube.com/watch?v=MjIcL...eature=related
    xrismak likes this.

  3. #23
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    Price reversal points

    Price reversal points-public9.jpgFantom try the excel spreadsheet on intraday.its based on sign waves which has an amplitude, the height and the depth and different smaller vibrations in between.take any 2 waves and triangulate you will get a reversal.do it on bigger waves you get bigger results.attached is a chart on manual ways.imagine if you can do it on bigger waves,

  4. #24
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    post 15 its price in relation to time typo error sorry.

  5. #25
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    Hi kolapo
    i like your system thanks for that.

  6. #26
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    so fear i got 32 pips on usd/jpy i was
    already on when i put your system on chart it just confirmed love it.
    Thanks again kolapo

  7. #27
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    mate if you have a indicator doesn't repaint that means you got the holy grail
    of forex.

  8. #28
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    Smile Price reversal points

    Thanks for your thoughts henrymobil.goldfinger does not repaint.I am just someone with a curious mind on how to trade without getting caught in whipsaws.there is no holy grail in forex because the big money men do what they like and when you will never know.I know they follow rules as well.If anyone is still struggling with directional change let me know.the whole purpose is to make pips,keep it and repeat then with good money management accounts can grow exponentially.Patience is also a virtue needed in trading.

  9. #29
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    hey Kolapo, interesting strategy.. I'm curious about all trading strategies, but I never seen your strategy, I read 2 times the entire thread and.. yes, I put indis into my mt4, just to try them.. did you tell us that you tested the strategy in real, right? have you got any trade journal or something like that? Anyway, I'll update you about my experience with it.
    thanks again

  10. #30
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    Smile Price reversal points

    Hi john its an old system of price channeling of which i developed twists on for correct entry and exits based on experience.it was not meant for public consumption so i did not create a journal.you can start a log and see what you get.you must have the right mix of indicator for confirmations.macd,flat trend,fisher_11 ,goldfinger and advance ADX are appropriate.From experience if you get the balance point and last wave triangulation right you are on the money.i look at price action as defined by candles and patterns first on the turning points.you will discover they happen on either a support or resistance or a fib level or creating a new level based on its previous balance point.

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