Distinguishing between retracements & reversals

Discussion in 'Index Futures' started by arzoo, Nov 24, 2003.

  1. Interesting indeed! :confused:
     
    #21     Nov 25, 2003
  2. db could you post a chart of today's breakout trade?
     
    #22     Nov 25, 2003
  3. dbphoenix

    dbphoenix

    Using what criteria for entry and exit?
     
    #23     Nov 25, 2003
  4.  
    #24     Nov 25, 2003
  5. dbphoenix

    dbphoenix

    The post you quote was written yesterday. The post you wrote was posted today. If you can stop being cute long enough to tell me what you want, we can go on from there.
     
    #25     Nov 26, 2003
  6. funky

    funky

    you could try this:

    put a 20 sma on your chart. price will follow it down in a trend. once the trend gets weak, it will break it. don't exit yet. wait for price to stop retracement and come back across 20 sma. now treat the furthest price on the break of the 20 sma as the reversal point. i think this was super_ego's method....
     
    #26     Nov 26, 2003
  7. dbphoenix

    dbphoenix

    Actually, that's Welles Wilder (of ADX/SAR fame) . . . :p
     
    #27     Nov 26, 2003
  8. nkhoi

    nkhoi Moderator

    grail method from Linda R.
     
    #28     Nov 26, 2003
  9. dbphoenix

    dbphoenix

    That's not her variation. She also includes use of the ADX.
     
    #29     Nov 26, 2003
  10. #30     Nov 26, 2003