What is your way of identifying trend reversals?

padutrader said:
Welcome back @padutrader good to have one of ET's true Legends back!

:D left trading....came back mind cleaned of all the bull shit and fresh.......
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The Great @maxinger said he went through the same process of decontaminating his mind after reading a lot of Trading books. And Maxxy knows his stuff

Don't listen to these other people jealous of your Celebrity status Padu - keep posting.
 
ninZa.co said:
The volume-based price action method is an approach to identifying reliable trend reversals in financial markets, and it distinguishes itself from other methods in several ways.

This method relies on analyzing both price movements and trading volumes to gain insights into market sentiment and potential trend reversals. Here are some key aspects that make it special:
  • Volume-Centric Approach
Unlike other methods that focus solely on price movements, the volume-based price action method gives priority to volume as a central factor within the price action framework. It acknowledges that price alone might not tell the full story, and volume provides critical insights into market dynamics.
  • Reliable Entry Points
By combining volume analysis with price action, this method allows you to pinpoint highly reliable entry points. It doesn't solely rely on generic trendlines or patterns but uses volume data to confirm potential trend reversals.
  • Optimized Risk-Reward Ratios
The method doesn't focus on signaling short-term price reversals. Instead, it specializes in identifying trend reversals, which signify substantial and longer-term shifts in price direction, ultimately providing you with a favorable risk-to-reward ratio.
  • Data-Driven Decision Making
The volume-based price action method promotes data-driven decision-making, reducing the influence of emotions or speculative trading. You can rely on concrete volume data to make informed choices.
  • High rewards
With the ability to spot trend reversals EARLY, the method enables you to seize trading opportunities for substantial gains.

If you are also keen on this trading method, you can check out our Deliberate AnaCute Trading package, which will help you apply volume-based price action analysis and make more informed trading decisions.

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Just take a guess
 
ironchef said:
Cleaned of all the bull shit? What about Al Brooks?

Good to see you back sir.
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thank you.........nothing wrong with Brooks or anyone else.............you cannot go much wrong if you stick with basic stuff and trade when markets are doing things simply and clearly.
Brooks however thinks out of the box and therein is the rub.....there are not many market participants who see a move of 12 ticks in the ES and see a trading opportunity !.....i stick with those concepts that are simple and make sense to me
 
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maxinger said:
PADU !!!


No more golf thing?

Strange ... He came yesterday.
Now he left?!
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the only reason i started trading is that i had a minor fall from my two wheeler and was in bed rest for over 3 weeks-trips only to loo and back. Nothing broken but at 67 years things heal slowly
i was planning to take my golf to a higher level but Man proposes, and God disposes.
after that knock i took , i am for some reason, trading better......i even make some winning trades :D
 
ironchef said:
Question for you sir, does 50ma/200ma work in day trading?
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everything works.........as long as you do !.......do your due diligence and then .....pray!
i used to have a cook who puts all ingredients into a pressure cooker , turns it on , and then, finally says a prayer
 
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