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Thread: Price reversal points

  1. #81
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    Hi Kolapo,
    I could not find any info on how you determine balance point. post #3 "i then look at prior wave for the balance point, points of indecision high target a low, low target a high" i guess it is a short yellow line ..
    could you please explain ..

  2. #82
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    Price reversal points

    hi hgorski you need the video as high targets a low is just one element of it,we have gaps ,long unusual bars, bar splts, mirror trend, flags, dojis and some others. the video teaches you how to use each element.

  3. #83
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    Smile Price reversal points

    Hi foxy i agree that mjp uses it on stocks, it was when i started seeing the imprints of his teachings on the forex charts that i got interested. all the stuffs on the video reversal magic balance points channel surfing happens in forex everyday and they are correct.MJP teachings are based on wave principles ,sign waves gives amplitude but at different frequencies.that is what we have on the charts.trading is about how to make large profit with minimal loss.learning hen to get involved in the market is key and it is dependent on how you read the market.MJP methods provides what to look for to determine a reversal.other teachings are doing the same.Ganns with price versus time. i put the twist of the zags and the non lag to help determine where price will turn in relation to time also checking if price has reached its balance points .all the elements and the imprints happen on the charts happen everyday.when you master the imprints on balance points and price in relation to time called triangulation or reversal magic.yo are on the money. all we want to determine is when price will reverse and to where.the answers are in mjp teachings. i came to the conclusion that since it is based on wave principles it will work on any market.so far so good .take care

  4. #84
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    i have had great success with this just based on the BP and the CS information. Even on the commodity charts i struggled to find good RM points, and it seems they too can get cancelled or have little effect if the wave diminishes or if there is much/less volatility at the point when the reversal is to occur. So all in all i cant have much faith in the price actually reversing at the projected time. I think that is why he mentioned it in the RM video - because it mainly applies to RM and not BP or CS. enough things to look for in BP and CS to keep the bank in the black tho. Logic tells me that if i get a BM then i should be able to confirm it with a good strong RM point at the projected time, once i have this information i can then predict the next two swings again confirming them with good strong RM points. but alas, i doubt this is actually possible. its enough for me to predict a 60-80% swing at best and ride it with CM for as long as possible - even nipping in and out of the trade as price comes in and out of the channel lines.

  5. #85
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    Rm Excel

    Hi All,
    Here is my Excel to calculate Kolapo's RM formula.

    Cheers,


    Mike
    Attached Files Attached Files
    Last edited by blott; 02-16-2012 at 08:59 PM.

  6. #86
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    question

    hi every body
    thanks for nice thread
    i have some question that i say in my pic some time when we calculate RM we find time of reverse but this is not true every time such as pic:

    best regards
    david
    Attached Thumbnails Attached Thumbnails Price reversal points-reversal.jpg  
    Last edited by davoodtrader; 02-16-2012 at 05:50 PM.

  7. #87
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    Smile Price reversal points

    Hi davood trader put the smaller zig zag as well and you will see that your calculations will tally with a smaller wave pattern. i manually draw before putting in the calculations.this is a nice way to do it. mark out the points using both waves.Price reversal points-picture16.jpg

  8. #88
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    Quote Originally Posted by kolapo View Post
    Hi davood trader put the smaller zig zag as well and you will see that your calculations will tally with a smaller wave pattern. i manually draw before putting in the calculations.this is a nice way to do it. mark out the points using both waves.Click image for larger version. 

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    Hi Kolapo & Davood,

    Do you mean one should not skip a swing point when we consider which highs/lows to take as points A & C? Should Davood have used the swing high in between as one of the highs A or C?

    I can't see any vertical RM line on Davood's chart against the black background - maybe it's my monitor....

    Mike

    PS I agree Kolapo, I always confirm a calculation with drawn lines, in case I entered the wrong numbers
    Last edited by blott; 02-16-2012 at 08:58 PM. Reason: Correct name spelling.

  9. #89
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    Quote Originally Posted by kolapo View Post
    Hi davood trader put the smaller zig zag as well and you will see that your calculations will tally with a smaller wave pattern. i manually draw before putting in the calculations.this is a nice way to do it. mark out the points using both waves.Click image for larger version. 

Name:	picture16.jpg 
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ID:	395
    hi again
    i use nonlagzigzag that u introduce it but u say i put smaller zigzag why? is nonlagzigzag is incorrect?
    which set up for nonlag zigzag is correct?

  10. #90
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    Mediaget downloads

    Hi Trademonster or Foxy,

    I input the download url in post one into Mediaget but it didn't recognise it. Do you have the actual videos url?

    Thanks,


    Mike

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