Even if its advertising... shouldn't you at least be able to provide the data to back up your claims?
What is your way of identifying trend reversals?
- Thread starter ninZa.co
- Start date
Nothing with being a sponsor, there are many fantastic sponsors on this forum who provide very useful tools and services for traders.
However, the indicators by nin.Za.co seems like a scam to me. Maybe I’m wrong, and their expensive indicators work, but if they do, then what is stopping nin.Za.co from posting trades real time, after all, wouldn’t it be a fantastic way of advertising?
Personally, I don’t care who sells what and to whom, but I believe there needs to be at least some level of transparency when it comes to vendors in the trading business, and I believe that selling BS to vulnerable newbies is immoral. If I’m wrong, and nin.Za.co will start being transparent and will prove me wrong, then I do apologize in advance
One of the sponsors on this forum that I have respect for and actually began to follow because of his authenticity and profound insights is @MattZ
However, the indicators by nin.Za.co seems like a scam to me. Maybe I’m wrong, and their expensive indicators work, but if they do, then what is stopping nin.Za.co from posting trades real time, after all, wouldn’t it be a fantastic way of advertising?
Personally, I don’t care who sells what and to whom, but I believe there needs to be at least some level of transparency when it comes to vendors in the trading business, and I believe that selling BS to vulnerable newbies is immoral. If I’m wrong, and nin.Za.co will start being transparent and will prove me wrong, then I do apologize in advance
One of the sponsors on this forum that I have respect for and actually began to follow because of his authenticity and profound insights is @MattZ
My only tool for identifying trend reversal is patience and waiting.
You don’t really know until afterwards. It’s better to be on the right side of V. If the reversal trend has not been exhausted your probability of winning is very high, whereas the R/R depends on when you realize the reversal trend.
If you have enough screen time on a particular stock, for example, you may start to realize the bottom/top when it gets close. It’s an instinct arising from experience on a pattern.
You don’t really know until afterwards. It’s better to be on the right side of V. If the reversal trend has not been exhausted your probability of winning is very high, whereas the R/R depends on when you realize the reversal trend.
If you have enough screen time on a particular stock, for example, you may start to realize the bottom/top when it gets close. It’s an instinct arising from experience on a pattern.
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+1 for "put up if you're not just seeking suckers."
Nothing with being a sponsor, there are many fantastic sponsors on this forum who provide very useful tools and services for traders.
However, the indicators by nin.Za.co seems like a scam to me. Maybe I’m wrong, and their expensive indicators work, but if they do, then what is stopping nin.Za.co from posting trades real time, after all, wouldn’t it be a fantastic way of advertising?
Personally, I don’t care who sells what and to whom, but I believe there needs to be at least some level of transparency when it comes to vendors in the trading business, and I believe that selling BS to vulnerable newbies is immoral. If I’m wrong, and nin.Za.co will start being transparent and will prove me wrong, then I do apologize in advance
One of the sponsors on this forum that I have respect for and actually began to follow because of his authenticity and profound insights is @MattZ
Indeed. You cannot have +140 fabulous, own developed indicators.
I have only a few good indicators ( not even mindblowing) and will never sell them or it should be for an exorbitant amount of money.
I once got an indicator from them for free. It looked impressive, but did not really made any money.
"New and improved", "30% more free", "Doctor recommended", "No other brand works better".
Sound familiar?
Turn the channel.
the simplest and best way of recognizing trend reversals is: if the market tests the high and does not break it...... forming a lower high or a double top and then proceeds to break the low....then you can know that a trend reversal has taken place.
what the trader has to then see, is whether this reversal is a major or minor one......
if you can manage this simple concept you can make many good trades
what the trader has to then see, is whether this reversal is a major or minor one......
if you can manage this simple concept you can make many good trades
Damn, I thought you died. Welcome back
Yes, and no
. . . yes, simple concept, but the win rate and R/R will be low.I don't think that breaking a low after a lower high or a double top let's you know that a trend reversal has taken place.
The problem with the concept you’ve described is that:
- Market tests highs all the time, and breaks the (recent) lows all the time, and therefore institutional traders play lots of games around those last lows to intentionally trap retail traders because the big players know that most retail traders will do exactly what you described, and therefore they’ll take advantage of that and shake traders, trap them, run their stops, and then reverse the price back up. (this applies to US equities and FX)
- Waiting for the confirmation of breaking of that low seems more a trade-through trend entry. Experienced reversal traders are usually very good at reading PA, and therefore they can confidently enter much earlier to maximize the asymmetrical R/R, and at "breaking of that low" they will already have SL at break even, and/or taking partial profits.
- If you wait for the low to be broken, then your stop won’t be in a logical place (unless you place it above the supply level in which case it will screw up your R/R and expectancy.
- ABC (ab=cd) pullbacks break the lows with impulsive legs and this can fool traders, and then consequently the traders who shorted after the break of the low then get trapped.
- If one needs to wait for a confirmation of breaking of that low, then in my opinion it would be better to actually sit on your hand and wait for a downside momentum to develop and then join the ride on the 1rts pullback (safe trend entry), since that way one would have better confirmation (due to more PA info being available), plus the first pullback lets you have tight stops in a logical place and thus retaining positive asymmetrical R/R, plus less chance of getting trapped in the institutional order flow.
Everyone trades differently, and nothing wrong with what you described, and if that works for you, then that’s good, it’s just that this is what most retail traders are taught and the big players know this, and they take advantage of this crowd behaviour to run the stops.
I believe that the most important factor for reversal traders is to understand how institutional order flow works (around key levels), how the big players (who move the market) are thinking, being able to watch the PA for signs of selling pressure (reverse for buys), and if the PA is consistent with the order flow dynamics, and if all these (and few other relationships) fit together, then that’s what makes the potential reversal trade come alive.
Looks like almost everyone whose put forward their approach is right. Certainly Volume does play a part, particularly on longer timeframes.
I looked at Tom Demark stuff, still looking. He lost credibility with his famous statement "Tops form after the last Buyer buys" - Huh? No buyer then no Trade. But he does know his stuff obviously.
Welcome back @padutrader good to have one of ET's true Legends back!
I looked at Tom Demark stuff, still looking. He lost credibility with his famous statement "Tops form after the last Buyer buys" - Huh? No buyer then no Trade. But he does know his stuff obviously.
Welcome back @padutrader good to have one of ET's true Legends back!