Is It a Reversal or a Pullback?

[trader_zone11]

Building on Stewie's work earlier in this thread, I think the answer to OP's question is fairly straightforward. Is it a reversal or a pullback ?

If we define a pullback as a retracement in an up trend followed by a higher high, we simply have to wait for the higher high to determine the answer to the question. A one tick higher high cements the answer. So when faced with the question, just wait . At least you'll know it's a pullback. The pullback might end right then and there, but that's another question.

Any answer before the higher high is just a guess or speculation. Of course nothing wrong with speculation given good risk management.

 

[J_Smith]

Would you please go away? Thanks

Why should I go away, just because some people don't like what I post.

How come any time people are challenged on this site, they go all defensive and "huddle" together.

What is wrong with my questions so far, as the whole purpose of spending time on this site, for most, is to try and learn something from what others say, and DO.

If you do not agree with the way I post, then tough luck!

J_S

 

[J_Smith]

View attachment 161033
Building on Stewie's work earlier in this thread, I think the answer to OP's question is fairly straightforward. Is it a reversal or a pullback ?

If we define a pullback as a retracement in an up trend followed by a higher high, we simply have to wait for the higher high to determine the answer to the question. A one tick higher high cements the answer. So when faced with the question, just wait . At least you'll know it's a pullback. The pullback might end right then and there, but that's another question.

Any answer before the higher high is just a guess or speculation. Of course nothing wrong with speculation given good risk management.

Can you please post a live chart to show what you are trying to explain?

J_S

 

[Stewie]

What is wrong with my questions so far

You didn't actually have questions. You have an agenda that is now coming out.

 

[baro-san]

Why should I go away, just because some people don't like what I post....J_S

Because you're off topic, and make this thread unreadable.

 

[J_Smith]

Of course he's not significant in a conversation about pullbacks and reversals even though his info is personal (not from a textbook) about pullbacks and reversals.

Instead, you'll must rather talk about things that's "obvious".

He is not present, hence he is of no significance to this thread.

Invite him over if you like, but ask him to keep his posts short and to the point.

J_S

 

[J_Smith]

You didn't actually have questions. You have an agenda that is now coming out.

Are you serious!

I do not believe you guys!

My agenda, what the hell are you talking about!

Simple questions, with no replies to what actually matters most, and that is, posting live charts to try and explain what you are trying to explain!

J_S

 

[wrbtrader]

View attachment 161033
Building on Stewie's work earlier in this thread, I think the answer to OP's question is fairly straightforward. Is it a reversal or a pullback ?

If we define a pullback as a retracement in an up trend followed by a higher high, we simply have to wait for the higher high to determine the answer to the question. A one tick higher high cements the answer. So when faced with the question, just wait . At least you'll know it's a pullback. The pullback might end right then and there, but that's another question.

Any answer before the higher high is just a guess or speculation. Of course nothing wrong with speculation given good risk management.

Yes, the OP question is very simple and straightforward.

As the image suggest...there are different possible outcomes and I make the suggestion that a trader needs to be prepared for those different outcomes to increase their chance of being profitable at the end of the day assuming the goal is to be profitable.

In contrast, if a trader tries to be right (trying to pick one outcome only)...the market is too smart for us.

 

[wrbtrader]

He is not present, hence he is of no significance to this thread.

Invite him over if you like, but ask him to keep his posts short and to the point.

J_S

You've already closed that window of opportunity considering you openly stated he's not significant but that's probably normal for you considering you seem to make it a habit of not reading stuff by others and then bashing it.

Nothing personal and no big deal for you.

 

[onemoreshot]

Nice thread guys