Is It a Reversal or a Pullback?

[schizo]

This is ALL you need to know in order to trade successfully.

 

[Crashed]

I'm currently working on being able to easily spot them. I always get confused when a bar breaks outside my trendline(s)/channel/support&res but I've made some improvements today.

 

[Chubbly]

Is this a TA thread?

 

[magestic]

This is ALL you need to know in order to trade successfully.

You are right, but how exactly one should know about it?

 

[Chubbly]

You are right, but how exactly one should know about it?

He is being aloof

 

[schizo]

He is being aloof

This ain't another "Why is the Obvious Not So Obvious". I mean what I say. It doesn't matter whether you are a fundie (FA), techie (TA), or pricey (PA), trend will always be your friend...until proven "otherwise". Of course, I concur that this is easier said than done. But should you be able to tell the difference between a reversal and a pullback, I think you will be at least a head taller than any other trader, here and elsewhere. At any rate, mull over it in your spare time.

 

[OddTrader]

I'm currently working on being able to easily spot them. I always get confused when a bar breaks outside my trendline(s)/channel/support&res but I've made some improvements today.

OK, good! Take your time!

 

[Sotnis]

Is this a TA thread?

TA doesn't work. Let's go over it again, guys

 

[i am nobody]

Reversal or not is not necessary to know. Knowing what will happen in the next 5 minutes is much better. Because then you always take the right direction, reversal or not.

 

[Eddiemorra]

I guess what happened in the last 5 minutes is the best way to guess what will happen in the next 5. Expect more of the same