Breakout/Reversal Indicator-Accurate

[checkmail]

Hello friends this is checkmail and while trading am facing some fancy losses, due to no breakout or reversal indicator.

 

Wait am not telling that am not using any breakout or reversal indicator, but even have tried with ema and diff trend lines but am unable to point out the breakout or reversal of the trend.

 

What i mean is at a certain signal by any indicator for breakout or reversal, the trend doesn't follow it but keep going on and makes losses more.

 

So friends do we have any accurate or nearly perfect breakout/reversals indicator to pin-point the tops and bottoms accurately or nearly accurate.

 

Please share here such indicators, or different settings of avail indicators.:)

[Diesel 10]

Try this ADX Crossing (shared elsewhere):

 

http://www.mediafire.com/?wqgcal91ur87nhw

 

Setting 14. May give a few little whipsaws in congestion but keeps you in the trend nicely. I watched a 1 minute chart of this last night and didn't see any repainting ! (after the bar was closed)... The moment the bar closes and it prints a dot, enter immediately on the open. Use opposite dot to reverse and have some protective stop in place in case of huge (usually news) move before the bar closes, as a new dot is only confirmed once the bar is closed...

 

I recommend 5min time frame and above, the higher the better. (I was just using 1min chart to see if repaint).

 

Cheers !

Edited November 22, 2010 by Diesel 10

[Guest fxdon]

Diesal,

 

How do we exit the trade?