what is you favourite trend reversal finding method/pattern/tool ?

[trduraikamaraj]

am trading commodity futures ,with my little experiance, i usually search for (peter bain's) railway tracks candle pattern (tweezers) its work for me,with a winning ratio nearly -60-75%,

 

after conforming this pattern i will be sure where it found (support /resistance) before pulling my trigger.

 

some one can share your experiance, it will be more helpfull ,

[prashant_trader]

Hi trduraikamaraj, You can go for price touching trendlines/channels at the area than check for confluence of

1. market sentiment reflected by candlesticks means right at a point look for dojis/pinbars/insidedays

2. if the area is falling under fibonnaci projection/ retracement , Hmmm.. something is in store for us,

3. and definitely see from the concept of Reversal magic, that's very good !

 

and soon as price has broken the channel, with 1 or 2 confirmation candles we pull the trigger for a new trade in a new direction

[Freddie]

The five bar reversal is my favourite! See my thread. Now I have to find how to reference it! Back later!

 

Here it is:

http://indo-investasi.com/showthread.php/7628-The-all-powerfull-five-bar-reversal-(5BR)

Edited July 17, 2010 by Freddie
Finding thread ref

[PhiSquared2618]

Key day reversal, island reversal, two-three day reversal. All are useful.

But only one thing matters - is support or resistance holding the price - which is it, and is this a change from before.

[litxus82]

Check out Sam Seiden on fxstreet or just google it. You'll find free videos which I believe are very good for support resistance and other topics. Problem as with anything it might look simple although not so simple to execute.