Reversal Magic trading system - page 4
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What is your average take a day, pips wise, on let say the pound? And what is the degree of difficulty applying/trading something like this
Forex Reversal Update
All times are based on Eastern Time or New York Time.
GBP/USD Reversals
Hourly
12:00-13:00(2/28/08)
14:00-15:00
17:00-18:00
20:00-21:00
23:00-0:00
3:00-4:00*(2/29/08)
6:00-7:00*
9:00-10:00*
13:00-14:00*
AUD/USD Reversals
Hourly
13:00-14:00(2/28/08)
16:00-17:00
19:00-20:00
23:00-0:00*
4:00-5:00*(2/29/08)
8:00-9:00*
13:00-14:00*
USD/CAD Reversals
Hourly
12:00-13:00(2/28/08)
16:00-17:00
20:00-21:00*
23:00-0:00
2:00-3:00*(2/29/08)
5:00-6:00*
9:00-10:00*
USD/JPY Reversals
Hourly
12:00-13:00(2/28/08)
15:00-16:00
19:00-20:00
21:00-22:00
23:00-0:00*
2:00-3:00*(2/29/08)
7:00-8:00*
10:00-11:00*
GBP/EUR Reversals
Hourly
10:00-11:00(2/28/08)
13:00-14:00
17:00-18:00
21:00-22:00
3:00-4:00*(2/29/08)
7:00-8:00*
12:00-13:00*
EUR/USD Reversals
Hourly
11:00-12:00(2/28/08)
14:00-15:00
17:00-18:00
20:00-21:00
22:00-23:00*
2:00-3:00*(2/29/08)
5:00-6:00*
9:00-10:00*
NZD/USD Reversals
Hourly
11:00-12:00(2/28/08)
14:00-15:00
18:00-19:00
21:00-22:00
23:00-0:00*
2:00-3:00*(2/29/08)
5:00-6:00*
8:00-9:00*
11:00-12:00*
GBP/JPY Reversals
Hourly
11:00-12:00(2/28/08)
15:00-16:00
20:00-21:00
1:00-2:00*(2/29/08)
5:00-6:00*
11:00-12:00*
Forex Reversals
All times are based on Eastern Time or New York Time.
GBP/USD Reversals
Hourly
3:00-4:00(2/29/08)
6:00-7:00
9:00-10:00
13:00-14:00
16:00-17:00*
19:00-20:00*(3/02/08)
21:00-22:00*
AUD/USD Reversals
Hourly
4:00-5:00(2/29/08)
8:00-9:00
13:00-14:00
18:00-19:00*(3/02/08)
22:00-23:00*
USD/CAD Reversals
Hourly
2:00-3:00(2/29/08)
5:00-6:00
9:00-10:00
12:00-13:00*
15:00-16:00*
18:00-19:00*(3/02/08)
23:00-0:00*
USD/JPY Reversals
Hourly
2:00-3:00(2/29/08)
7:00-8:00
10:00-11:00
12:00-13:00*
18:00-19:00*(3/02/08)
22:00-23:00*
GBP/EUR Reversals
Hourly
0:00-1:00*
3:00-4:00(2/29/08)
7:00-8:00
12:00-13:00
17:00-18:00*(3/02/08)
EUR/USD Reversals
Hourly
2:00-3:00(2/29/08)
5:00-6:00
9:00-10:00
14:00-15:00*
17:00-18:00*(3/02/08)
20:00-21:00*
NZD/USD Reversals
Hourly
2:00-3:00(2/29/08)
5:00-6:00
8:00-9:00
11:00-12:00
15:00-16:00*
19:00-20:00*(3/02/08)
GBP/JPY Reversals
Hourly
1:00-2:00(2/29/08)
5:00-6:00
8:00-9:00*
11:00-12:00
16:00-17:00*
23:00-0:00*
EUR/JPY Reversals
Hourly
3:00-4:00*(2/29/08)
6:00-7:00*
10:00-11:00*
13:00-14:00*
17:00-18:00*(3/02/08)
20:00-21:00*
All times are based on Eastern Time or New York Time.
GBP/USD Reversals
Hourly
3:00-4:00(2/29/08)
6:00-7:00
9:00-10:00
13:00-14:00
16:00-17:00*
19:00-20:00*(3/02/08)
21:00-22:00*
AUD/USD Reversals
Hourly
4:00-5:00(2/29/08)
8:00-9:00
13:00-14:00
18:00-19:00*(3/02/08)
22:00-23:00*
USD/CAD Reversals
Hourly
2:00-3:00(2/29/08)
5:00-6:00
9:00-10:00
12:00-13:00*
15:00-16:00*
18:00-19:00*(3/02/08)
23:00-0:00*
USD/JPY Reversals
Hourly
2:00-3:00(2/29/08)
7:00-8:00
10:00-11:00
12:00-13:00*
18:00-19:00*(3/02/08)
22:00-23:00*
GBP/EUR Reversals
Hourly
0:00-1:00*
3:00-4:00(2/29/08)
7:00-8:00
12:00-13:00
17:00-18:00*(3/02/08)
EUR/USD Reversals
Hourly
2:00-3:00(2/29/08)
5:00-6:00
9:00-10:00
14:00-15:00*
17:00-18:00*(3/02/08)
20:00-21:00*
NZD/USD Reversals
Hourly
2:00-3:00(2/29/08)
5:00-6:00
8:00-9:00
11:00-12:00
15:00-16:00*
19:00-20:00*(3/02/08)
GBP/JPY Reversals
Hourly
1:00-2:00(2/29/08)
5:00-6:00
8:00-9:00*
11:00-12:00
16:00-17:00*
23:00-0:00*
EUR/JPY Reversals
Hourly
3:00-4:00*(2/29/08)
6:00-7:00*
10:00-11:00*
13:00-14:00*
17:00-18:00*(3/02/08)
20:00-21:00*how to know when the reversal come out?
how to read reversal trend?
teach me bro
can u give detail explanation...i do not understand about this
Here are a few things you want to keep in mind when looking at these signals:
The reversals have and maintain tight stops, generally the high or low of the candle, so a trader is out of the trade quickly if there is any question. Unless there is a reason to suspect otherwise, use a point just beyond the low or high of the reversal for an exit. However, in most cases it is the close of the following candles that are an issue, not the spike.
Some reversals are what I call inverses, a situation where a wave pattern flips. They generally have distinct characteristics that in most cases make them identifiable in real time. When they do occur you typically will see this as a halfway point of a swing and have a specific move in the market you are looking at. You simply reverse your position and take advantage of the expected move. There is much more that I can say about this subject, so in order to keep this post reasonable I will limit my comments on this for now.
Some reversals will be a candle early or late. The reversals are determined off of the closes rather than the highs and lows in order to filter out the noise. So not every reversal will be perfect. This is why I will focus more often on the body and close of the candles to determine if a reversal has been violated rather than the spikes. The exception would be a strongly tending market where the low or high would always be respected.
Note this point: a reversal high or low during a strong trend or a clear break out of a consolidation is an automatic exit or reversal of position if the low or high is exceeded by a following candle. Do not wait for the close. It is during consolidations such as trading ranges that you wait for the close.
Reversals are viewed from two perspectives. Initially the expectation is that each progressive reversal will form a high, then a low, then a high. However, the ultimate determining factor is what is happening just before the reversal occurs and the reversal candle itself. If I am expecting a low and yet the market moves higher just before the reversal then I will switch my interpretation to a high. If there is a question, then the following candle or candles are used to verify what has occurred. Questions can arise when a reversal occurs during a consolidation, so when in doubt let the market confirm.
A reversal candle that forms what could be interpreted as both a high and a low is treated as both. This sometimes happens during consolidations and during sudden very powerful moves. If I am expecting a low and buy, but it moves dramatically higher and forms what could be interpreted as a high before it finishes out then an exit is taken just before it closes. This generally provides a profit, although limited.
Consolidations or dead times I will avoid trading any reversal, instead waiting for the actual breakout. The length of time to the next reversal will dictate if I enter on a breakout. For example, if we break a low of a consolidation and have a reversal due at the same time then I will not trade it. If it is two or three candles until the next reversal then I will enter off the breakout because I am expecting the market to continue until the next reversal.
I still maintain a following stop, typically using a trend-line, as a safety measure.
These are just a few of the rules. There are too just many that I have developed to list here. But based on these rules I think you can figure out a lot of how I would handle each of these markets and the result.
There is no question that interpretation is important in real time and that this is different than most are used to, so it is likely to require a little practice in order to use them effectively. And of course everyone has their own style of trading, so not everyone will see this as having value. I am sure that many will as I do.
You still need to use good trade management and common sense. It is a tool, not a complete system. Even so, for others and me it has been quite a remarkable tool.
I hope this helps.
MJP
how to know when the reversal come out?
how to read reversal trend?
teach me bro
can u give detail explanation...i do not understand about thisPrior report results
Here is one example of the results of the forecasted reversals.
This is the New Zealand dollar against the US dollar.
Reversal Update
All Times are based on Eastern Time or New York Time
GBP/USD Reversals
Hourly
13:00-14:00(2/29/08)
16:00-17:00
19:00-20:00(3/02/08)
21:00-22:00
2:00-3:00*(3/03/08)
7:00-8:00*
11:00-12:00*
AUD/USD Reversals
Hourly
13:00-14:00(2/29/08)
18:00-19:00(3/02/08)
22:00-23:00
1:00-2:00*(3/03/08)
4:00-5:00*
7:00-8:00*
12:00-13:00*
USD/CAD Reversals
Hourly
12:00-13:00(2/29/08)
15:00-16:00
18:00-19:00(3/02/08)
23:00-0:00
3:00-4:00*(3/03/08)
6:00-7:00*
9:00-10:00*
12:00-13:00*
USD/JPY Reversals
Hourly
12:00-13:00(2/29/08)
15:00-16:00*
18:00-19:00(3/02/08)
22:00-23:00
1:00-2:00*(3/03/08)
4:00-5:00*
9:00-10:00*
13:00-14:00*
GBP/EUR Reversals
Hourly
12:00-13:00(2/29/08)
17:00-18:00(3/02/08)
19:00-20:00*
22:00-23:00*
1:00-2:00*(3/03/08)
3:00-4:00*
9:00-10:00*
13:00-14:00*
EUR/USD Reversals
Hourly
14:00-15:00(2/29/08)
17:00-18:00(3/02/08)
20:00-21:00
23:00-0:00*
3:00-4:00*(3/03/08)
7:00-8:00*
12:00-13:00*
NZD/USD Reversals
Hourly
11:00-12:00(2/29/08)
15:00-16:00
19:00-20:00(3/02/08)
22:00-23:00*
1:00-2:00*(3/03/08)
4:00-5:00*
8:00-9:00*
12:00-13:00*
GBP/JPY Reversals
Hourly
11:00-12:00(2/29/08)
16:00-17:00
19:00-20:00*(3/02/08)
23:00-0:00
3:00-4:00*(3/03/08)
9:00-10:00*
13:00-14:00*
EUR/JPY Reversals
Hourly
13:00-14:00(2/29/08)
17:00-18:00(3/02/08)
20:00-21:00
22:00-23:00*
3:00-4:00*(3/03/08)
9:00-10:00*
Reversal Update
GBP/USD Reversals
Hourly
2:00-3:00(3/03/08)
4:00-5:00*
7:00-8:00
11:00-12:00
16:00-17:00*
19:00-20:00*
AUD/USD Reversals
Hourly
1:00-2:00(3/03/08)
4:00-5:00
7:00-8:00
12:00-13:00
16:00-17:00*
20:00-21:00*
USD/CAD Reversals
Hourly
3:00-4:00(3/03/08)
6:00-7:00
9:00-10:00
12:00-13:00
16:00-17:00*
21:00-22:00*
USD/JPY Reversals
Hourly
1:00-2:00(3/03/08)
4:00-5:00
9:00-10:00
13:00-14:00
16:00-17:00*
21:00-22:00*
GBP/EUR Reversals
Hourly
1:00-2:00(3/03/08)
3:00-4:00
7:00-8:00*
9:00-10:00
13:00-14:00
17:00-18:00*
19:00-20:00*
EUR/USD Reversals
Hourly
3:00-4:00(3/03/08)
7:00-8:00
12:00-13:00
15:00-16:00*
18:00-19:00*
21:00-22:00*
NZD/USD Reversals
Hourly
1:00-2:00(3/03/08)
4:00-5:00
8:00-9:00
12:00-13:00
14:00-15:00*
17:00-18:00*
GBP/JPY Reversals
Hourly
3:00-4:00(3/03/08)
9:00-10:00
13:00-14:00
17:00-18:00*
20:00-21:00*
EUR/JPY Reversals
Hourly
3:00-4:00(3/03/08)
6:00-7:00*
9:00-10:00
12:00-13:00*
17:00-18:00*
20:00-21:00*