Indicator to spot a Trend reversal
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This post is more or less similar to my first post that landed under a wrong heading, sorry for that.
I have experimented (to my expense) with Indicators and the like to find turning points etcetera. But alas when the Market is high it goes higher, when the Market is low it will go lower. The only method that can work is to spot Trend reversals by using Trend lines, especially on the daily and/or Four hour charts. But we are emotional beings we, I in particular does not wait for it to develop properly, I always find myself going against the Trend? I would really appreciate some clever guru out there to assist me with an indicator that tells you: “Hi their ‘Monkey’, if you want to participate this Trend is ripe for reversal and has actually now opened up on the other side of your previous (down/up) Trend and is busy establishing a new direction – Come along Buddy, I will make you famous!! Lets have an EA or Indicator that can assist in decision making, please. |
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Quote:
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Vivekanand
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Don't spend too much time searching, find some constant and consistent patterns in the market on any time frame, then work on perfecting those.
The rest is history.... good luck and many pips in your future.
__________________
Monarch |
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How effective are candlestick patterns in predicting a trend reversal for FX? I thinking about patterns like : bullish kicker, morning star doji etc
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market prediction
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