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Thread: Net reversals

  1. #1
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    Net reversals

    Has anyone ever used the net reversal method. these is what I mean when you start trading, you lock in the CCI, and when you adjust the meter to 90 and 10 bottom and top, you make sure that you have the right timing when it starts reversal, you place in the trading orders and these orders will only activate at a given take profit, say 20 pips, and so when these same happens, the trader has an option of taking the trade to the next level, when the take profit is activated, another oder is also activated to. in case the new trade does not work, then there is a stop loss of 20 pips in place. so by use of limit orders and stop orders these would help you a lot. what do you think people is it possible?

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  2. #11
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    Quote Originally Posted by Hukam View Post
    Yeah mate there are a lot of indicator's who don't have a great value in forex because they are powerful only in their names, trader's are not getting much advantage for them. According to me trader's don't have to go anywhere to search good indicator's, mt4 contain good indicator's that's why I have suggested moving average, fibonacci trading, and along with it support and resistance analysis learning also would be a good choice.
    Well said friend, trading with indicator's are profitable for me too, I am using moving average indicator's regular in my trading analysis and yes its work for me. Even the other you have suggest like support and resistance is also beneficial for so many trader's. These kind of analysis, indicator's are very popular because they have already shown the success in market.

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  3. #12
    Trader techboy's Avatar
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    Quote Originally Posted by Hukam View Post
    Yeah mate there are a lot of indicator's who don't have a great value in forex because they are powerful only in their names, trader's are not getting much advantage for them. According to me trader's don't have to go anywhere to search good indicator's, mt4 contain good indicator's that's why I have suggested moving average, fibonacci trading, and along with it support and resistance analysis learning also would be a good choice.
    Well we all know that indicators are just lagging in nature and the reaction to price movement is always late and if we focus too much in these indicators we will just end up frustrated, practically right now I am not using any pattern or indicators in my trading because all of these cannot predict where market is heading, its like a toss of a coin actually, but I do know that market moves in random and price movement in london and US session are more active as compare to the Asian session,so for me its better to trade based on established facts about the market and build an strategy within these known facts so that it will be more adaptive to market behavior.Its some sort of a mind boggling approach but this what I think is the right approach in dealing the market.

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    " Trading is 70% Psychology, 15% Risk Management and 15% Strategy ! "

  4. #13
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    The trading platform is the financial specialist's gateway to the business sectors. All things considered, traders should ensure the platform and any software is anything but difficult to utilize, outwardly satisfying, has an assortment of technical or potentially fundamental analysis instruments, and that exchanges can be entered and exited easily. This last point is particularly significant: A well-planned trading platform will have clear 'purchase' and 'sell' catches, and some even have an "alarm" catch that shuts every single vacant position.

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  5. #14
    Trader J_C_Anderson's Avatar
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    Trading reversals is one of the most profitable approaches to trading. It offers an exceptional profit potential with the best possible risk-reward ratio. At the same time, traders utilizing reversal strategies should pay attention to win rate because low win rate could lead to underperformance and losses that could be avoided.
    The main idea of trading reversal is to get a position as close to the beginning of the new trend, as possible. Traders interested in reversal trades use various ways to identify the place of possible reversal and to enter the trade with a short stop. Some of them make their trading decisions based on signals provided by indicators while others use only price action and price patterns. Both of these ways have advantages and disadvantages. The main advantage of indicators-based strategies is the possibility to backtest them on historical data using special software like Forex Tester. Using such tools traders could check the performance of their strategy in long term perspective. Some traders use demo trading for this purpose, but to my mind backtesting is better since the results it provides are more accurate than demo trading results just because it allows to exclude the impact of trader`s psychology that could influence trading results substantially. At the same time, discretional strategies based on price action are more flexible and could be used in different trading conditions even in case of elevated volatility that we could see nowadays. Thus, both of these approaches could be useful if applied properly.

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