unmistakenly INDENTIFYING THE TOP (BOTTOM) OF A TREND JUST BEFORE ITS REVERSAL

stefanKing

Tham gia từ Aug 18, 2011 3bài viết

Dec 07, 2013 at 22:01

Tham gia từ Aug 18, 2011 3bài viết

Please, share with all of us your best and interesting discoveries about correctly identifying the very top in an up trend and the bottom of a down trend.

Many traders mistakenly place trades wrongly assuming the trend will continue when they assume the trend was reversing and many lose their money.

forexalertsystem

Tham gia từ Apr 21, 2013 101bài viết

Dec 08, 2013 at 08:03

Tham gia từ Apr 21, 2013 101bài viết

I post daily trade videos on Myfxbook i recommend you checkout all the video trades that have been already put out. you will see what i use to make really good calls on where the bottom and top of the markets will be in the future.

https://www.youtube.com/user/forexalertsystem/videos

and our thread.

https://www.myfxbook.com/community/experienced-traders/strategy-revealed-live-trades/659907,1

CrazyTrader

Tham gia từ Nov 21, 2011 1718bài viết

Dec 08, 2013 at 15:09

Tham gia từ Nov 21, 2011 1718bài viết

stefanKing posted:
Please, share with all of us your best and interesting discoveries about correctly identifying the very top in an up trend and the bottom of a down trend.

Many traders mistakenly place trades wrongly assuming the trend will continue when they assume the trend was reversing and many lose their money.

Choose the pair you want (and Timeframe in between: TF4 to Weekly) so i'll show you my Pattern identifies the beginning of the Price Action and the end of it (reversal area) as requested.

sharabela

Tham gia từ Dec 09, 2013 139bài viết

Dec 09, 2013 at 08:46

Tham gia từ Dec 09, 2013 139bài viết

I think Fibonacci levels are the best to find out a potential top or bottom of a trend. However, one can not be one hundred percent sure as far as Forex market's uncertainty is concerned. Nevertheless, a trader can be safe with his already earned profit and wait for a new entry if those levels are obeyed properly.

With Fibonacci levels, we might have to integrated candle stick pattern, Trend line and bigger time frames' support and resistance.

At the end of the day, it is all about experience which comes with a lot of practice.

Wishing every one luck.

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