Price reversal trade - Page 59
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Thread: Price reversal trade

  1. #581
    Trend never goes one direction forever and it returns back one moment. Traders should notice that there is lower market energy, it can not brake strong support or resistance levels. These are the sighns that market reversal is near and traders should wait for false breakout and engulfing candle stick that are best signs that dierection is changed.

  2. #582
    Once the price is closing in on the support and resistance levels then it is a good thing to actually get to expect some reversal is coming. Though this doesn't happen all the times, because some time, there could be the price on the support and resistance levels and then still the price could decide that it will want to move and cause breakout.

  3. #583
    Quote Originally Posted by Makaveli View Post
    Once the price is closing in on the support and resistance levels then it is a good thing to actually get to expect some reversal is coming. Though this doesn't happen all the times, because some time, there could be the price on the support and resistance levels and then still the price could decide that it will want to move and cause breakout.
    I mostly waiting for market to break the levels so I can continue holding my trades and follow the previous trends instead of waiting it for reversal. I use my price action strategy mostly to follow the trend and when I tried with reversal trading, most of times I had bad result. Maybe my skills aren't enough for reversal trading so I'm focusing my trade on trend continuation.
    rules made to be followed, not to be broken

  4. #584
    Quote Originally Posted by Silhouette View Post
    I mostly waiting for market to break the levels so I can continue holding my trades and follow the previous trends instead of waiting it for reversal. I use my price action strategy mostly to follow the trend and when I tried with reversal trading, most of times I had bad result. Maybe my skills aren't enough for reversal trading so I'm focusing my trade on trend continuation.
    Two things are involved, it could break and then it might not break, but the most important thing is that we should make sure that we are doing the right thing. Making the good analysis and then expecting to see price move in accordance. Price reversal is a thing for the more experienced traders, not what just any one should think they can make use of.

  5. #585
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    trading with price reversal is good because it will be profitable for the trader and so he will be able to make easy money with it if he can catch the reversal from its beginning, the trader needs to wait until find a true reversal as this will keep trading more safe for the trader and so he will be able to maximize the profits and decrease the loses.

  6. #586
    Trader Sascha's Avatar
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    Quote Originally Posted by sameeh View Post
    trading with price reversal is good because it will be profitable for the trader and so he will be able to make easy money with it if he can catch the reversal from its beginning, the trader needs to wait until find a true reversal as this will keep trading more safe for the trader and so he will be able to maximize the profits and decrease the loses.
    i'm not really good at trading reversals and breakouts because i always close my trades earlier after one hour from news release or maybe i can hold it till the end of the day to see how long the effect from previous news can give to market. i know a little about candlestick patterns and other technical stuffs in the business and can't combine them with my news strategy.

  7. #587
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    We can use high time frame to identify the trend and also support resistance and also using candlestick patterns or characteristic. In this side, traders experiences have big roles to determine the market condition . I use the simple rules when the high time frames start to break the position and opposite the small time frames then it begin for reversal condition and become the exit point from the market

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