Looking for Reversal Entries

R

Rapunzel

Hi folks, I'm looking for a reversal entry signal on FX that I can work on, to add to my 'repertoire'.

Any good ideas or thoughts, signposts or directions? Doesn't need to have an edge but ideally some level of edge or in and around breakeven performance on back tests.

Any thoughts?
 
Rapunzel said:
Hi folks, I'm looking for a reversal entry signal on FX that I can work on, to add to my 'repertoire'.

Any good ideas or thoughts, signposts or directions? Doesn't need to have an edge but ideally some level of edge or in and around breakeven performance on back tests.

Any thoughts?
More...

Define reversal strategy.

Do you mean trade the reversal as in trying to predict the top and or bottom of a trend and trade that.

Or do you mean trading the reversal on the top and or bottom of a range.

Big difference between the 2.
 
Ideally something in a flat market, where the price is ranging between the two sigmas. So a buy would be when the price is below the SMA and near the sigma 2 or somewhere like that.
 
trading trend reversal is important.

60% of my trades are trend continuation.
40% of my trades are trend reversal.



look at chart patterns/price actions for trend continuation/reversal.
 
Rapunzel said:
Ideally something in a flat market, where the price is ranging between the two sigmas. So a buy would be when the price is below the SMA and near the sigma 2 or somewhere like that.
More...

Take a look at SPY from today's session and yesterday's session.

It traded in a range but still made decent moves, very easy to trade and you can learn a lot from studying the charts and data from day's like these.
 
DevBru said:
Take a look at SPY from today's session and yesterday's session.

It traded in a range but still made decent moves, very easy to trade and you can learn a lot from studying the charts and data from day's like these.
More...

Thank you. Looking for something systematic that I can build signals on the factors.
 
Rapunzel said:
hi' H1 and up preferably.
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To get an idea of how you like to trade, how many reversals do you see on this chart?
(one man's reversal is another man's pullback)
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