Identifying a reversal (trend change)

[murray t turtle]

I'm not familiar with PSAR. Also english is not my native thoungh, so what do you mean by 'lag'?

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Lag rhymes with jag[ jaguar], cornerStone. Lag , meaning slow, like a turtle; jag[jaguar]is a quick cat/big cat with spots. PSAR is a series of spots/dots on a chart; dots under price is bullish; dots/spots over price can be a slow/lag sell signal.Good question,

 

[bloomberg1]

I've found that when you're analyzing trend the longer time frames are your friend. (and btw, oscillators like the RSI [and wave counts] have been Armageddon for the past ten years, too) How many false exhaustion Elliot Waves have there been the past ten years ? How many false overbought oscillators ?

I hear everybody talk about the "top" - but nobody talk about the much bigger technical story of the past decade; the trendline bottom that has been in place for the past ten years.

The best of the best institutional "traders" really should be called money managers, they are using basis and time spreads AND fundy models that have been developed with many years of data and forward looking quantitative analysis coupled with portfolio structure such as options to trade around.

The are NOT looking at some colored bars like above, regardless flat price or spread, again NOT looking at charts.
lets play for example and keep track. Do you buy sell the above what level would you get and why and where is your stop(s), and please post your AUM.


The game of selling charts is gotten real old, but if you find them young enough I suppose you can reel them in!

Thank you!

 

[cornerstone]

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Lag rhymes with jag[ jaguar], cornerStone. Lag , meaning slow, like a turtle; jag[jaguar]is a quick cat/big cat with spots. PSAR is a series of spots/dots on a chart; dots under price is bullish; dots/spots over price can be a slow/lag sell signal.Good question,

Well... patience is a virtue and a good quality for a stock market trader.

 

[murray t turtle]

Well... patience is a virtue and a good quality for a stock market trader.

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Amen; about the only exception, when your plan works much better with another ETF; sometimes, .NOT real often.,

 

[birdman]

I'm not familiar with PSAR. Also english is not my native thoungh, so what doyou mean by 'lag'?

Hey Cornerstone. PSAR is more often called ParabolicSAR, with the SAR meaning "Stop and Reverse" and it looks like this on a 3 minute chart ...

 

[murray t turtle]

How do you spot it? One way is a swing in the opposite direction and a test preferable touching the previous trendline. What are other known ways?

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Including, but NOT limited to a 200 dma........................................................................