Page 36 of 38 FirstFirst ... 263435363738 LastLast
Results 351 to 360 of 377
Like Tree15Likes

Thread: Price reversal points

  1. #351
    Senior Member
    Join Date
    Dec 2011
    Posts
    172
    Quote Originally Posted by fxtrader View Post
    This thread is dead because there was no real direction. It's something I mentioned many months ago. The guy who started this thread kept coming up with many indicators and no proper explanation for anything. I asked specific questions and requested clear information in order to better explain for everyone's sake but I was criticized and I was made look like the fool, so I laughed and said we will see how long this thread will last, knowing very well that it was not going anywhere. And guess what? Here we are at last, the thread is dead besides the fact that people get on here and asking questions "is the thread dead?" "oh it's a shame" etc etc. look back at the history Posts and u will see the genuine questions I was asking but all we got was a million indicators and explanations that confused people more. Hence a dead thread is what to expect. And I assure u the guys are not counting their money or building up their accounts. Lol.
    fxtrader, I somewhat agree with what you say. There have been several indicators introduced in this thread that may have taken the focus out of the core topic..which is Parsons reversal/balance/channel surfing. My advice to you is to focus on Parsons techniques alone. Do not expect to understand Parson's techniques overnight because it is not possible. Give yourself time and focus only on Micheal Parsons...especially channel surfing and balance magic. Don't expect anyone else to answer all your questions. Study it yourself...long and hard...and then see where you'll end up! Remember, there is no holy grail and Parsons techniques by themselves are not sufficient...they are only complementary! Learn to blend them with price action, AMP monitor patterns etc and I am sure you'll be successful!

  2. #352
    Member
    Join Date
    Nov 2011
    Posts
    92

    Price Reversal points

    Hi everyone,we made some observations on reversals and triangulations,its part of a larger picture.We saw that when we get alignments on half Cs or half eclipse we get a reversal.its a technique taught by MBFX.Its most reliable on higher time frames.It helps to know where to exit a trade as well.Combine it with balance points and channel surfing it helps identify potential turning points in the market .see attached chart as example.happy trading.Kolapo
    Attached Thumbnails Attached Thumbnails Price reversal points-pics26.gif  

  3. #353
    Wizard
    Join Date
    Oct 2011
    Location
    A, A
    Posts
    2,552
    @kalapo: what are the short red lines on your screenshot?

  4. #354
    Member
    Join Date
    Nov 2011
    Posts
    92
    Hi Kor4x, the short Red lines are just markers that we use to indicate the extremes on the alignment.we use stop loss of 50 under or above the marker and profit 100-150pips.Nothing serious but an effective strategy.

  5. #355
    Wizard
    Join Date
    Oct 2011
    Location
    A, A
    Posts
    2,552
    I see, ...shorting when price goes above the TMA upper line, going long when price moves below the TMA bottom line.
    Do you have any statistics of such strategy?
    thanks.

  6. #356
    Member
    Join Date
    Nov 2011
    Posts
    92
    Hi Kor4x,thanks for the reply, we learned the system from the MBFX team,they have a large database of statistical accuracy of 4:1.MBFX Team" <contact@mbfxsystem.com .They trade all major currencies, we put our twist to it from observations over the years on the extreme alignments.you can request for the statistics and degree of accuracy from the contact.Coincidentally those extremes corresponds with semaphor 3 ,because semaphor 3 shifts occasionally, we rely on the alignments.4hr time frame and daily has produced the best results.You can also start keeping a record on a six months or yearly experimentation .Thanks

  7. #357
    Member
    Join Date
    Nov 2011
    Posts
    92
    Hi everyone i have not been posting for a while, i came across a set up used by some old pros called the bollinger squeeze,it is based on the principle of market emotions, knowing if market is in a range or trending.It still been tested on demo, so far its working well.It also helps to know when to expect a market reversal.stay tuned.

  8. #358
    Junior Member
    Join Date
    Jun 2012
    Posts
    19
    Look forward to your update Kolapo...you always share interesting analysis and get me inspired!

  9. #359
    Member
    Join Date
    Nov 2011
    Posts
    92

    Cool Price Reversal

    Hi everyone looking at the market mood is like trying to tame a beast which is something like impossible.Knowing the market mood helps to see if the market is excited{trending}or depressed.If we are able to determine these truths we can stack the odds in our favor and trade safely.Looking at charts and interpreting what we see is like a jigsaw puzzle, I find this bollinger squeeze system amazing, though not perfect but it helps to be on the right sight of the market.I added propriety indicators to aid our understanding of reversal points.Start with bollinger band set at 20,1.5 and shift 0.insert the keltner channel on top of the bollinger, you will discover that anytime the bollinger bands move within the keltner channel you will have a reversal, it goes on until the bollinger bans moves outside the keltner and the reverse takes place.All these happens in a range mood.We know that range can break out into trends.The Bollinger Squeeze indicator helps to determine both moods and with candlestick understanding we should be fine.Insert the Bollinger sqeeze indi on the charts , the blue dots or line signify the range mood,the green the up trend and the red the down trend.I added another propriety indi called the DPI to know when the trend is finished.pick directions from the weekly and the daily and trade accordingly.Happy trading.sometimes if thhe DPI do not load rename it.Goodluck
    Attached Files Attached Files
    kor4x, Georgebaker and japie3 like this.

  10. #360
    Member
    Join Date
    Nov 2011
    Posts
    92

    Price Reversal

    oops forgot the keltner.prorietary indies as correction.Goodluck
    Attached Files Attached Files
    japie3 likes this.

Page 36 of 38 FirstFirst ... 263435363738 LastLast

Similar Threads

  1. pivot points indicators
    By kor4x in forum Indicators / Exepert Advisors
    Replies: 16
    Last Post: 10-15-2015, 08:39 PM
  2. Gartley pattern description points
    By Admin in forum Harmonic Trading QUIZ
    Replies: 0
    Last Post: 01-09-2012, 12:19 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41