Reversal

Any one know of any good reversal strategies? I always miss it and leave lots of pips on the table. (Any Ideas) I trade the Eur/Usd

Many with more exp. than myself with hopefully add their 2 pips worth, but for me studying counter-trend-line breaks after a retracement and currency continuing in the direction of the original trend has been helpful. For choosing tops/bottoms? If that is what you are asking? I still think trend line breaks is one good method. You might do some reading by such greats as Thomas DeMark on his TDTL strategy mentioned in his book "The New Science of Technical Analysis".

Here is what i mean by counter trend line breaks (but this may not be answering your question?):

http://www.accrete.com/fx_posts/misc...7GBPUSDbuy.PNG

That was a mix of a reversal and also a consolidation break out of sorts so i don't know if it fits what you are asking, but it works for me and others quite well.

Cheers,
Thom

see link below

currently it does not indicate reversal as there is weekly momentum up, so you should look for big drops now to enter long

http://www.forexfactory.com/forexfor...eversal+system

beside the classic reversal formations, there are certain specific formations connected to reversals like the 123highlow, 3 pushes up/down*, squeezer*, wedges, spike&ledge*


* from the book "street smarts" by conners/raschke

Look for triple divergence on 14 and 50 CCI with trendline or MA break as confirmation. You can also wait for 1-2-3 setup on shorter time frame as confirmation.