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Thread: Price reversal points

  1. #51
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    Smile Price reversal points

    Price reversal points-picture11.jpg hi John triangulate price as in the chart i will give the exact time of reversal notice there is a gap that adds another extra bar.as usual use your confirmations for entry. cheers

  2. #52
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    Price reversal points

    Price reversal points-picture13.jpg hi John i found another gap which will serve as the balance point.it will be 2 bar late before the drop you are looking at 12 midnight gmt

  3. #53
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    ok, to have fun with this new game, I put a pending order sell at 1.32320

  4. #54
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    hi kolapo i have been trying to catch top of mbfx waves or the bottom of it for two days now
    i couldn't the waves keeps moving up or down without touching price that's why it looks good in past i'm sorry all time frames
    are the same maybe you know something we don't!!

  5. #55
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    hi henry you will find joy on the 30mins if you are a day trader the top two lines define the extremes. at least you will get 2 trades a day.triangulating price is more important.you will get quick ones on the 5mins and 15mins from experience the most stable are the 30 mins 4 hrs and daily on extremes.follow the waves with fx cycle and the nonlag.the latest version defines gerlofs support and resistance on end of waves.try it you will see for yourself.basic knowlegde of candle patterns help as well with indicator confirmation
    One technique you can apply is fib the wave itself if you have 50% on the balance point you will have a reversal

  6. #56
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    Quote Originally Posted by kolapo View Post
    Click image for larger version. 

Name:	picture13.jpg 
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ID:	359 hi John i found another gap which will serve as the balance point.it will be 2 bar late before the drop you are looking at 12 midnight gmt
    So why are you selling already? Seems too early?

  7. #57
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    so if i understand this fx cycle dominator correctly, when a line starts to form on either extreme, it is an indication of a reversal? not to be solely relied on, but will give confirmation if other factors such as balance points, triangulation, and S/R lines all point to the same area. i must admit though that i do like iVar - to be used in the same way. I would never trade off it but it does add weight to taking a trade.

  8. #58
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    Quote Originally Posted by wickedwin View Post
    So why are you selling already? Seems too early?

    eurusd H4 , gbpusd H4


    http://content.screencast.com/users/JohnCapa/folders/Price Action 2012/media/ffc497f1-c18d-4dea-98f2-7bbe9ed32bd1/Schermata 2012-02-10 a 16.40.39.png
    Price reversal points-schermata-2012-02-10-16.40.39.jpg


    http://content.screencast.com/users/...a 16.40.51.png
    Price reversal points-schermata-2012-02-10-16.40.51.jpg
    pendig orders, taken and placed in time on the triangulation cross point.. and still running in gain: eurusd 48pips , gbpusd 62pips
    Last edited by JohnCapa; 02-10-2012 at 02:50 PM.

  9. #59
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    Thanks Kolapo.. if you see something wrong, feel yourself free to correct me

  10. #60
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    Price reversal points

    Hi john on closing of the euro/usd and gbp/usd you already have gaps on closing.fxpro 2 scenario price retraces gives another zigzag line to triangulate with.if it starts to drop below the gap fib the gap level as 50% it will give you 100% of the fib as your target.if it retraces and gives a zigzag use triangulation to determine where price will drop down to you will get a balance point before the next reversal .keep an eye on the daily as well.1st target should be fibnode at 38.2% fib on the daily.happy trading.

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