Understanding Reversals

There are only 2 or 3 signals on each of these charts.

 

I know patience is a great virtue, but that's a hell of a long time to wait for a trade to come to fruition ...

 

Naturally

 

2 or 3 signals on a chart is really good. How are you generating these signals?

 

I posted before. No one is looking. So I have removed those charts from photobucket

 

hey maxinger, some like me ARE learning from your journal posts. I have not seen a pic post so far though. just trade entries & timings

PAAddict's charting is different from yours. he uses time based ones to read volume. I see fron your posts you prefer volume bars, which show order flow better. but gives up on most of the volume tell

his charts look rather clean enough. he only has volume comparisions as an extra. the approach looks right. no indicators, just price & volume

 

here it goes. As time goes by, my chart becomes simpler and simpler.

eg. Today Hangseng reversal signal.

 

Thanks Max. That chart looks awesome. I have to admit the better I get at this the simpler my chart becomes.

 

I stopped using CVBs long ago but what matters much more is understanding what a reversal is AND knowing what to look for. Maxinger knows all this. If one does NOT know what a reversal is or why it occurs or what to look for, the subject of CVBs won't be of any importance. Whether or not you yourself use them is truly a matter of personal choice, or "style".

For examples of reversals using ordinary volume, see here to here (a dozen or so).

 

Excellent hindsight charting.