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Old 04-09-2007, 01:29 PM
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Re: How do you spot reversals?

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dear guy,

I combine 60 min candlesticks with volume bars. A reversal candle must be going with a big volume bar. I mean for big, the biggest of the day, approximately. this combination must be done in support o resistance areas. once you have this pattern you enter your order about the 50% of the tile. But, you have to be carefull that highs and lows are higher in a tick graphic if you are bull or, highs and lows are getting lower in a tick graphic if you are a bear. otherwise, you can be getting in against the market trend of the day. if you combine all this with a high depth of orders in the order book the at the possition you want to enter; it is quite probable that your move will be succesfull. set your stop loss a little bit further of the end of the tile and always bellow or above of the resistance/support

if you want a I sent a graphic to you, let me know

best regards
What tick charts do you use? I use 60min and 3000 tick charts with 600 tick for entries.

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