Registered: Jul 2006
Posts: 2803

Yes we are using the 3 box reversal. Welcome to the thread.

Ok here is one of the most powerful signals(catapults are as well along with triangles).

It is called the bullish and bearish signal reversed. Now the rules on this signal is that you must have seven TOTAL columns of lower lows and lower highs. So you can have 4 lower high columns and 3 lower low for a bearish signal reversed or vice versa for a bearish signal reversed.

Normally once that breakout occurs for the bottom or the top all hell breaks loose.

bullish and bearish reversals.png
This has been downloaded 2448 time(s).

Registered: Jul 2006
Posts: 2803

OK, now for another powerful signal that if you are wrong YOU CAN REVENGE TRADE AMD STILL MAKE MONEY.

It's the triangle, and occasionally you will get some false breakouts. but this is only occasionally and when that occasion occurs you are almost a guaranteed winner on the reversal.

triangle formations.png
This has been downloaded 2234 time(s).

Registered: Jul 2006
Posts: 2803

OK, the long pole up and long pole down I am not going to show because I already mentioned it. It is at least 20 consecutive boxes up or down.

You buy on the reversal. So if a stock just went down to 25 dollars from at least 45 dollars without a reversal you can now start putting orders in at 28 dollars for a buy. If it goes down to 24 place your order at 27 etc.

This is not my favorite signal. Remember you are wrong if you get an immediate reversal that turns into a double bottom sell signal so your stop has to be 4 dollars. As I mentioned previously, your target minimim would be at least .38 of the number of boxes or 8-9 boxes.

Registered: Jul 2006
Posts: 2803

OK now for something you will not read in any book. It is what I call the failed double top buy signal or the failed double bottom signal.

If you trade this signal only for the rest of your trading days I PROMISE YOU WILL BE PROFITABLE.

You have your great failed signals, and you have you SUPER GREAT failed signals.

Here is a SUPER GREAT failed double top.

the greatest pnf signal.png
This has been downloaded 2757 time(s).

Registered: Jul 2006
Posts: 2803

OK, I am going to rest awhile and allow some of you to absorb this. Feel free to ask anything.

Registered: Aug 2007
Posts: 3205

Looking forward to sitting down a little later and really digging in to this. Thanks HG.

Advantage Futures

Futures Brokerage & Clearing

AMP Global Clearing

Futures and FX Trading

Bright Trading

Professional Equities Trading

CTS

Futures Trading Software

DaytradingBias.com

Professional Trading Analytics

ECHOtrade

Professional Trading Firm

eSignal

Trading Software Provider

FXCM

Forex Trading Services

Global Futures

Futures, Options & FX Trading

Interactive Brokers

Pro Gateway to World Markets

JC Trading Group

Direct Access Trading

MB Trading

Direct Access Trading

MultiCharts

Trading Software Provider

NinjaTrader

Trading Software Provider

OANDA

Currency Trading

optionshouse

Option Trading & Education

Rithmic

Futures Trade Execution Platform

SpeedTrader

Direct Access Trading

SpreadProfessor

Spread Trading Instruction

thinkorswim by TD Ameritrade

Direct Access Trading

TradersStudio

System Building & Backtesting

Trading Technologies

Trading Software Provider

Trend Following

Trading Systems Provider