Lots of real time calls by maxinger. refer to his back dated journals & pull out those charts. real value discussion centers around OP's topic on reversals. make this forum better with positive discussion. the man is not even attempting to show off his d*** size or sell anything. My current preference is for tick charts, though I haven't justified its use over volume based bars just yet. in my opinion, both show order flow more cleanly that time based charts. the advantage of time based charts is a clearer read on volume. 2 streams leading to the same river, as you say 'style'
Or, maybe, maxinger knows something you don't! His chart shows a very basic indication in TA that is easy to recognize and trade real time.
Hi Sprout, great to see you found your way here as well! I am doing the whole Hershey drill, but it takes time as it is not the only approach I am following. So once I have the toolkit in my head I will be in a better position to interact with you regarding that method.
Thanks, and I know is not easy, so I am not expecting to find the answer fast. But It is something I never explored before so I want to see where my exploration gets me, perhaps nowhere and I wont be able to make this a tradable system or perhaps I will, I just hope to learn something new in the process.
Hi, thanks for your comment, when you say that the 4H timeframe offers stronger reversals, you mean that Support and Resistance Levels visible in the 4H are more important in order to start a Reversal position, or that Reversals that are visible in the 4H have less chances of becoming breakouts?
Hi, thanks for the comment. By fake reversal do you mean a Reversal that turns into congestion instead of a strong trend?