09

[elovemer 10]

.........

.........

.........

[elovemer 10]

57.25......67.25

 

..............................

66.75..........56.75

 

manage (56)....59

manage again at (56.75).... 59.75

and again at (56)... 6.5... 62.5

 

first two are moving stops after 3 points

(from the turn, and then from entry point)

 

..... 3rd is taking profit

Edited February 8, 2010 by elovemer

[elovemer 10]

next signal 56.....66

[elovemer 10]

moving stops is most important

 

2nd most important is taking profit

[Grey1 10]

How do you define when to take reversals vs. trend trades?

 

A new trend is born when the reward to previous trend diminishes..

If you use Multi time frame analysis the use of multi time frame analysis can shed light to the end of the previous trend and birth of the new one ,,

 

For example if Index ( any index is good enough as they are all as efficient of each other) in 10 min and 30 min and 60 min time frame is OB then the risk is to up side Hence the chances are that a new trend should born ,,

In pro environment where i used to trade we did not trade any particular trend but only pull the trigger based on the correlation between Risk /Reward at any given time and that is basically using Multi time frame ,, ( We how ever do not use oscillators we use Neural net work to identify the R/R in various time frames)

 

Any way for traders who are after simple trend reversal R/R system the use of MLT is a stepping stone ,,

 

The basic strategy for reversal detection is as follow

 

short if

1) INDEX IS OB in 3 time frames and

2) Price exhausts in the form of either shooting star or spike and immediate sell in the next bar

 

Grey1

[elovemer 10]

... here... it is necessary to either use cash for the measure

 

.... or use a 3 point stop... a 2 point stop would have been stopped at 68.5

 

next signal 56.....66

[elovemer 10]

.........

...........

..........

[elovemer 10]

es 10 pnts

tf 10 pnts

ym 100 pnts

nq 20 pnts

[elovemer 10]

53....63

....

...

...

[elovemer 10]

stop 65

...........

..........

64.25...... manage 61.25

 

53....63

....

...

...

Edited February 9, 2010 by elovemer

[elovemer 10]

61.75.....71.75

..........

.............

stop 65

...........

..........

64.25...... Manage 61.25

[elovemer 10]

67....57

..........

..........

[elovemer 10]

........

...........

..............

[elovemer 10]

........

.........

..........

[elovemer 10]

72.25

.........62.25

[elovemer 10]

62.5.....65.5.....69 mnge

 

72.25

.........62.25

[elovemer 10]

62.5......72.5.....82.5

 

72.25

.........62.25

[elovemer 10]

72.5

 

manage from 72.....69.....65.5

 

62.5......72.5.....82.5

[elovemer 10]

72

.....62..63

.............

.............

===================

or

 

68.25......78.25

Edited February 10, 2010 by elovemer

[elovemer 10]

manage.

............

............

72.5

manage from 72.....69.....65.5

[elovemer 10]

72.5

...62.5...63.5

.............

...............

or

 

64.75.....74.75

 

72

.....62..63

5

[elovemer 10]

63......72-73

...........

...........

[elovemer 10]

only made 71.5

...........

.............

............

63......72-73

...........

...........

[elovemer 10]

...as is often the case with a blast off day....

 

you get a setup for the open.... but don't reverse against the trend or you get run over quick

[elovemer 10]

es setup

 

tf setup