Forex Reversals

All reversal times are forecasted based on Eastern Time.


GBP/USD Reversals for 2/27/08

Daily
2/25/08-high expected
3/03/08-low expected
3/10/08-high expected


Hourly
3:00-4:00(2/27/08)
6:00-7:00
11:00-12:00
16:00-17:00*
19:00-20:00*
23:00-0:00*


AUD/USD Reversals for 2/27/08

Daily
2/21/08-high expected
2/26/08-high expected
3/04/08-low expected


Hourly
3:00-4:00(2/27/08)
6:00-7:00
9:00-10:00
13:00-14:00
16:00-17:00*
19:00-20:00*

USD/CAD Reversals for 2/27/08

Daily
2/25/08-low expected
2/28/08-low expected
3/05/08-high expected


Hourly
1:00-2:00(2/27/08)
6:00-7:00
10:00-11:00
14:00-15:00*
18:00-19:00*
22:00-23:00*


USD/JPY Reversals for 2/27/08

Daily
2/20/08-high expected
2/26/08-low expected
3/04/08-high expected


Hourly
1:00-2:00(2/27/08)
4:00-5:00
7:00-8:00
10:00-11:00*
14:00-15:00*
18:00-19:00*
20:00-21:00*


GBP/EUR Reversals for 2/27/08

Daily
2/21/08-low expected
2/27/08-high expected
3/03/08-low expected


Hourly
1:00-2:00(2/27/08)
6:00-7:00
9:00-10:00
13:00-14:00
16:00-17:00*
23:00-0:00*


EUR/USD Reversals for 2/27/08

Daily
2/25/08-high expected
2/29/08-low expected
3/06/08-high expected


Hourly
1:00-2:00(2/27/08)
4:00-5:00
9:00-10:00
14:00-15:00*
18:00-19:00*
22:00-23:00*


NZD/USD Reversals for 2/27/08

Daily
2/21/08-high expected
2/28/08-high expected
3/05/08-low expected


Hourly
2:00-3:00(2/27/08)
6:00-7:00
9:00-10:00
12:00-13:00
14:00-15:00*
17:00-18:00*
23:00-0:00*


GBP/JPY Reversals for 2/27/08

Daily
2/25/08-high expected
2/28/08-low expected
3/03/08-high expected


Hourly
0:00-1:00(2/27/08)
2:00-3:00
5:00-6:00
9:00-10:00
12:00-13:00
15:00-16:00*
17:00-18:00*
20:00-21:00*

Here is a chart showing the results of the reversals for GBP/JPY.

MJP

I will post one more example of the reversal results. The rest you can check on your own charts. This one is of GBP/USD.

MJP

Times are based on Eastern Time. There is a morning report that I am not posting, two come out each day. This report only shows hourly reversals to keep it short.

GBP/USD Reversals

Hourly
3:00-4:00(2/28/08)
7:00-8:00*
9:00-10:00
12:00-13:00*
14:00-15:00
17:00-18:00*
20:00-21:00*
23:00-0:00*

AUD/USD Reversals

Hourly
1:00-2:00(2/28/08)
3:00-4:00
6:00-7:00
9:00-10:00
13:00-14:00
16:00-17:00*
19:00-20:00*

USD/CAD Reversals

Hourly
1:00-2:00(2/28/08)
4:00-5:00
9:00-10:00
12:00-13:00*
16:00-17:00*
23:00-0:00*

USD/JPY Reversals

Hourly
2:00-3:00(2/28/08)
6:00-7:00
9:00-10:00*
12:00-13:00
15:00-16:00*
19:00-20:00*
21:00-22:00*

GBP/EUR Reversals

Hourly
2:00-3:00(2/28/08)
4:00-5:00
7:00-8:00
10:00-11:00
13:00-14:00
17:00-18:00*
21:00-22:00*

EUR/USD Reversals

Hourly
1:00-2:00*(2/28/08)
4:00-5:00
7:00-8:00
11:00-12:00
14:00-15:00*
17:00-18:00*
20:00-21:00*

NZD/USD Reversals

Hourly
2:00-3:00(2/28/08)
5:00-6:00*
8:00-9:00
11:00-12:00*
14:00-15:00
18:00-19:00*
21:00-22:00*

GBP/JPY Reversals

Hourly
1:00-2:00(2/28/08)
6:00-7:00
9:00-10:00*
11:00-12:00
15:00-16:00*
20:00-21:00*

Any chance for some background information?

Yes some info would be nice as to how this is forecasted...Not questioning your integrity or ability, being a curious trader I try to find out how things work and why. I know in the past that people coming onto the site with great think outside the box ideas, have been scared off by the ....ahem.... apparently more experienced traders round here.

Im a firm believer that yes while years and years of experience in any field does dictate how talented an individual is, but sometimes there is someone who comes along with the knack or special natural ability, so no one should be judged by length of 'time up', especially if their ablitiy is proven.

What Im trying to say is that, just wait the naysayers will come, but before they do and they start throwing the knives round, please do share...especially the best ways to interpret your forecasts..

EDIT: Ok just read through your previous post, about 3 years ago, explaning a little about the forecasts.. Ok here is my take on todays forecasts...using your system only...Currently hour trend on GBP/JPY is down, so therotically this downtrend should reverse into up within this current hour.. Which is plausible with the EURO (Frankfurt) open...Then should remain up until approx US open.. Now on this pair with Average daily range being quite high, should be good for more then 70 pips...will have to wait and see.. Please speak out if I have percieved this wrong..

Second Edit; Well didnt reverse this hour, however looks like it might hold and turn up in the very near future, will update

Third Edit: Well it did turn up went for just over 100 pips (if you had of got in at lowest possible price)

Wow, this guy hasn't posted for like over 3 years, and then four posts in 1 day!

The method for determining reversals is based on a wave analysis technique. The wave analysis has to do with things like electronic waves, not Elliot wave. There is no Gann, Fibonacci, astrology or practically anything else you may have heard of. I developed the method and have been teaching it to others for years, as well as other techniques that I have developed. I have traded well over two decades. I do not normally post at forums, which is why it has been so long since my prior posts.

I offer a course on the technique, so I can't disclose it here.

I have been repeatedly asked to provide reversals signals by my students, but avoided it for the most part. I just liked the teaching part. Now I have a daughter assisting me that I have been teaching for over a year now. I have her generating these signals. It serves as a final test of her ability and I think she is doing quite well. The Forex is really the hardest market to generate accurate signals in because of the noise and extreme changes that it is prone to. However, she likes this and she even thinks it would be a good idea to offer a service to others with these signals. I thought I would put the signals out publicly and see how others react to them.

MJP

Reversal i would have actualy loved it if you had thrown much light on your technic.great job.

Thank you.

All times are based on Eastern Time or New York Time.

GBP/USD Reversals

Hourly
12:00-13:00(2/28/08)
14:00-15:00
17:00-18:00
20:00-21:00
23:00-0:00

3:00-4:00*(2/29/08)
6:00-7:00*
9:00-10:00*
13:00-14:00*

AUD/USD Reversals

Hourly
13:00-14:00(2/28/08)
16:00-17:00
19:00-20:00
23:00-0:00*

4:00-5:00*(2/29/08)
8:00-9:00*
13:00-14:00*

USD/CAD Reversals

Hourly
12:00-13:00(2/28/08)
16:00-17:00
20:00-21:00*
23:00-0:00

2:00-3:00*(2/29/08)
5:00-6:00*
9:00-10:00*

USD/JPY Reversals

Hourly
12:00-13:00(2/28/08)
15:00-16:00
19:00-20:00
21:00-22:00
23:00-0:00*

2:00-3:00*(2/29/08)
7:00-8:00*
10:00-11:00*

GBP/EUR Reversals

Hourly
10:00-11:00(2/28/08)
13:00-14:00
17:00-18:00
21:00-22:00

3:00-4:00*(2/29/08)
7:00-8:00*
12:00-13:00*

EUR/USD Reversals

Hourly
11:00-12:00(2/28/08)
14:00-15:00
17:00-18:00
20:00-21:00
22:00-23:00*

2:00-3:00*(2/29/08)
5:00-6:00*
9:00-10:00*

NZD/USD Reversals

Hourly
11:00-12:00(2/28/08)
14:00-15:00
18:00-19:00
21:00-22:00
23:00-0:00*

2:00-3:00*(2/29/08)
5:00-6:00*
8:00-9:00*
11:00-12:00*

GBP/JPY Reversals

Hourly
11:00-12:00(2/28/08)
15:00-16:00
20:00-21:00

1:00-2:00*(2/29/08)
5:00-6:00*
11:00-12:00*

Having studied Wilder's Delta in the past, I found your posts very interesting.

I plotted the GBP signals you posted for the 27th & 28th.

Some were spot on......great......others.....?

I am still interested (as I image others are) in what you are showing here. Without asking you to disclose your methodology, any chance you could post an analysis on the signals for these 2 days and why some appeared highly accurate and others seemed to have no bearing on what the market was doing. This would certainly go a long way towards help some decide if what you are offering justifies their further interest.

This is a serious request.

Thanks......

I am occasionally one of the naysayers of which you ssssspeak. :

However, there are certain things that have to be present to raise my suspicions, such as hindsight results, ambiguous predictions, dropping cryptic hints about "secrets" in an attempt to look like a guru, refusal or evasion when presented with requests to post real time trades, etc.

That's not the case here. Reversal has presented clear, unambigous market calls that go out to mid-March I think. The results are out there for all to see and testable by anyone. Even a naysayer has to respect that. As a matter of fact, even if it turns out that all his calls are wrong, I would STILL respect the guy for putting the projections out there to be tested. He isn't insulting our intelligence or trying to bamboozle us.

So I'm with you... down with knife throwing on this thread.

Your request would require quite a bit of work, but let me address it this way:

1. The reversals have and maintain tight stops, generally the high or low of the candle, so a trader is out of the trade quickly if there is any question.
2. Some reversals are what I call inverses, a situation where a wave pattern flips. They generally have distinct characteristics that in most cases make them identifiable in real time. When they do occur you typically will see this as a halfway point of a swing and have a specific move in the market you are looking at. You simply reverse your position and take advantage of the expected move. There is much more that I can say about this subject, so in order to keep this post reasonable I will limit my comments on this for now.
3. Some reversals will be a candle early or late. The reversals are determined off of the closes rather than the highs and lows in order to filter out the noise. So not every reversal will be perfect. This is why I will focus more often on the body and close of the candles to determine if a reversal has been violated rather than the spikes. The exception would be a strongly tending market where the low or high would always be respected. .
4. Reversals are viewed from two perspectives. Initially the expectation is that each progressive reversal will form a high, then a low, then a high. However, the ultimate determining factor is what is happening just before the reversal occurs and the reversal candle itself. If I am expecting a low and yet the market moves higher just before the reversal then I will switch my interpretation to a high. If there is a question, then the following candle or candles are used to verify what has occurred. Questions can arise when a reversal occurs during a consolidation, so when in doubt let the market confirm.
5. A reversal candle that forms what could be interpreted as both a high and a low is treated as both. If I am expecting a low and buy, but it moves dramatically higher and forms what could be interpreted as a high before it finishes out then an exit is taken. This generally provides a profit, although limited.
6. Consolidations or dead times I will not trade no matter what reversal I see, instead waiting for the breakout. The length of time to the next reversal will dictate if I enter. For example, if we break a low of a consolidation and have a reversal due at the same time then I will not trade it. If it is two or three candles until the next reversal then I will enter off the breakout because I am expecting the market to continue until the next reversal.
7. I still maintain a following stop, typically using a trend-line, as a safety measure.

These are just a few of the rules. There are too just many that I have developed to list here. But based on these rules I think you can figure out a lot of how I would handle each of these markets and the result.

There is no question that interpretation is important in real time and that this is different than most are used to, so it is likely to require a little practice in order to use them effectively. And of course everyone has their own style of trading, so not everyone will see this as having value. I am sure that some will see it of value, as I do.

Since you mention Delta then I am sure you will appreciate a key difference here. Delta provides a series of highs and lows expected within certain periods of time that usually covers multiple candles of choice. The vagueness allows a lot of guessing as to when to enter and exit.

What I am doing is very specific. I determined a specific candle when the reversal is due. There is no range or multiple choices. If it fails, then you know right away and can quickly take appropriate action. But as you can see, it is often rather accurate.

Still, I will be the first to admit that is isn’t perfect. You still need to use good trade management and common sense. It is a tool, not a complete system. Even so, for others and me it has been quite a remarkable tool.

I hope this helps.


MJP

Thank you for the kind comments.

That is what I was hoping for, that individuals would judge it on its own merits.

MJP

Could you explain more in details?
What the '*' does it mean?
what are the short and long signal? For example 1:00-2:00 is it a long or short?
Thanks

Thanks for your lengthy & detailed reply. I respect that you have posted these projections as well as taken the time to reply.

Inversions.....I expected this could plan a part in what happens here. Seeing it play out in real time and having experience with Delta told me that this was likely what was happening.....you confirm that.

You also answered another question.....specificity. That was the problem I had with Delta years ago (an original member).....the given probability window a few bars on either side of any point. Sure made for tough trading.

While not a system (as most may be used to) and while requiring some discretion and interpretation (such as points ignored portending a larger continuation move), I can definitely see something of value here.

My focus was on GBP.....some others did not look as good at the moment. I (and I'm sure a few others) might appreciate a few more daily samples, such as provided today, to really help determine if this tool would suit our needs. A few days of seeing things play out would seal it for me, at least, that there is something of CONSISTENT & REPEATING value here. Would that be possible?

Again....most should respect that you are willing to "show your wares" rather than just promoting some "promise" supported by optimally chosen charts.Thanks again for your work here!

The asterisk means that it is a new reversal that wasn't listed before. There are actually two reports coming out each day and when a new report has a time not posted before this is used to draw attention to it.

The signals are based on the action of the market just prior to the reversal signal. If the market is dropping at the time fo a reversal a buy is signaled. If a market is rising at the time of a reversal then it is a sell. There are a few special rules. See my earlier post that provides a series of rules to help understand the rules.

If you have a problem determining whether a high or low has formed there are two ways to address it. Switch to a line chart (closes only) and look to see what the market did just before this time. If you still cannot tell then let the next candle or candles determine it for you. If the market starts to move higher then you have a low. If it starts to move lower then you have a high. It can then be traded, although the profit potential will be lower and the risk a little higher.

It is therefore always best to determine what it is in real time because this is the ideal time to actually trade it.

MJP

Hi,
Is It Possible To Add Eur/jpy To The List ?. I Trade This Pair A Lot. I Will Appreciate If You Could Mention Reverals For This Pair.

I totally understand what you are asking here and agree, that more examples would be a better way to judge this. I will continue to post more for a few days.

The only problem is getting back here frequent enough to do that. As I mentioned earlier, I have two reports a day and obviously I am not providing all of them. This is due to demands on my time more than anything else. But I will make the effort to post them as often as I can for the next few days. This site has certainly already required more time in answering posts than I anticipated, but as long as I can find the time that is perfectly alright. Just please understand if I miss some reports or if I am delayed in responding.

I have put together some training videos in how to use these reversals, but likely most of them will not be posted publicly. If my daughter does offer the signals to the public I am sure they will be made available through her site. I really just put them together for content if she decides to continue doing this.

Thank you for your expressions of appreciation.


MJP