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Well put .Theres only one HOD each day but you dont know which high is ultimately the HOD until the EOD . Thats what makes reversal trading compelling and the reason i choose either to focus on continuations or reversals but not both , so as not to get bogged down . Trends are tough to jumped in on and its tough to not get in just as its ending . Reversals are tough because you dont know where the turn is coming . There is definitely equal potential in regards to profitability trading with or against the tide if you hone your technique and practice it religiously .
Can you help answer these questions from other members on NexusFi?
Trading reversals is NOT about trying to pick tops!!
Here's what I look for. A "REAL" 1-2-3 trend reversal pattern. Notice this is NOT what some are posting on the "Ross Hook" thread. This is from 7/19 a 15 minute chart of CL.
Reversal = Countertrend in my vocabulary . Your reversal isnt what I mean by reversal Jeff . Thats more like volume spike , wide range bar , IB - down it goes ala Silvester17 .
