Hey guys so some of you might know me from my SDTR threads which was based on trading reversals, and a large majority of trading strategies are based on trading reversals trying to get in as early as possible on a new trend.
There are many approaches to confirming a reversal using indicators like Oscillators, pivots, EW, MA crosses, Zig Zag, TDI, etc, but at some point in a strong trend they can fail. Many times the indicators you are using to confirm reversals can show a reversal, but later on turns out to be a fake reversal or a pull back before the continuation of the main trend making your trade a loss. Most work pretty well some of the time, but not all of the time.
My question is how can we improve on reversal based trading strategies to filter out those situations when there is a pull back or continuation of the main trend? What other methods can we introduce to improve the probability of success trading a reversal based strategy?
I'm open to all ideas and suggestions and hopefully with more great minds thinking together we can come up with some good suggestions that can help improve reversal based trading.
Now as this is a trading discussion it goes without saying that I will not tolerate any arguing or bickering among members as is the case that happens to many threads here and get derailed. Those that can't participate in a respectful friendly manner will be removed. We are all adults here so lets all behave like adults.
That being said there are some smart, educated, intelligent members here and I look forward to the discussions on improving on reversal strategies.
Green pips to you all!
There are many approaches to confirming a reversal using indicators like Oscillators, pivots, EW, MA crosses, Zig Zag, TDI, etc, but at some point in a strong trend they can fail. Many times the indicators you are using to confirm reversals can show a reversal, but later on turns out to be a fake reversal or a pull back before the continuation of the main trend making your trade a loss. Most work pretty well some of the time, but not all of the time.
My question is how can we improve on reversal based trading strategies to filter out those situations when there is a pull back or continuation of the main trend? What other methods can we introduce to improve the probability of success trading a reversal based strategy?
I'm open to all ideas and suggestions and hopefully with more great minds thinking together we can come up with some good suggestions that can help improve reversal based trading.
Now as this is a trading discussion it goes without saying that I will not tolerate any arguing or bickering among members as is the case that happens to many threads here and get derailed. Those that can't participate in a respectful friendly manner will be removed. We are all adults here so lets all behave like adults.
That being said there are some smart, educated, intelligent members here and I look forward to the discussions on improving on reversal strategies.
Green pips to you all!
Truth is like poetry. And most people f*cking hate poetry.