What are your favorite indicators for reversal trading ?
1What are your favorite indicators for reversal trading ?I attached mine, Please share regards,gelsas
Attachments
Re: What are your favorite indicators for reversal trading ?
2My all time favorite for reversals?
The ultimate for me is a simple horizontal line.
The ultimate for me is a simple horizontal line.
Attachments
Re: What are your favorite indicators for reversal trading ?
3Is Cycleidentifier a repainting indicator?gelsas wrote:What are your favorite indicators for reversal trading ?I attached mine, Please share regards,gelsas
Re: What are your favorite indicators for reversal trading ?
4Support & resistance ? Or what do you mean by that ?FXSurf wrote:My all time favorite for reversals?
The ultimate for me is a simple horizontal line.
Re: What are your favorite indicators for reversal trading ?
5For me too! By far the best "indicator".FXSurf wrote:My all time favorite for reversals?
The ultimate for me is a simple horizontal line.
Re: What are your favorite indicators for reversal trading ?
6Good thread.
For intraday (lower time frame) counter-trend/reversal trading I will trade 15 minute charts during the London and New York sessions using top down analysis, starting from the monthly chart drawing major support and resistance lines on the Monthly, Weekly and Daily charts.
Then I'll enter a counter-trend position once price is a few pips away from either the:
For intraday (lower time frame) counter-trend/reversal trading I will trade 15 minute charts during the London and New York sessions using top down analysis, starting from the monthly chart drawing major support and resistance lines on the Monthly, Weekly and Daily charts.
Then I'll enter a counter-trend position once price is a few pips away from either the:
- Daily, Weekly or Monthly horizontal support and resistance lines.
- Daily, Weekly or Monthly Trend lines.
- Chaos Visual Averages on the "extreme" signals and close to major support/resistance/trend lines.
- Bollinger Bands when price pierces or touches the outer bands on standard deviation 3.
- These users thanked the author Jimmy for the post:
- RodrigoRT7
Re: What are your favorite indicators for reversal trading ?
7Hi JimmyJimmy wrote:Good thread. For counter-trend/reversal trading I trade 15 minute charts using top down analysis (starting from the monthly chart drawing major support and resistance lines and working down to the 15M chart). I'll enter a counter-trend position once price is a few pips away from the:4H, Daily, Weekly and Monthly support and resistance lines.4H, Daily, Weekly and Monthly trend lines.I also like to take counter-trend signals from two technical indicators:
Chaos Visual Averages on extreme signals and close to major support/resistance/trend lines.Bollinger Bands when price pierces or touches the outer bands on standard deviation 3.
This method has been working for me for 2 years with significant increase in portfolio size
Interesting,and thanks for sharing your pretty logic,can you explain more with illustration pictures
Indicator is just a tool.
Use it only if it can benefit you. Leave it if you don't know how to use it optimally.
Use it only if it can benefit you. Leave it if you don't know how to use it optimally.
Re: What are your favorite indicators for reversal trading ?
8Hi, I added with permission from Mladen RSI (does not work in mtf) and a display, you see if it is useful, thank you good day.
Re: What are your favorite indicators for reversal trading ?
9Greetings,
One more vote for the support/resistance or so called "horizontal lines"
One more vote for the support/resistance or so called "horizontal lines"
Re: What are your favorite indicators for reversal trading ?
10agree, two thumbs up for "horizontal line"
