Reversal patterns

DaxTrader

Active member
this pattern seems to happen quite regulary - sort of "bear trap" - good risk reward
 

Attachments

  • fakeout.doc
    101.5 KB · Views: 733

DaxTrader

Active member
Reversal patterns (last one)

Note the price pre news announcement - if it sells off, then recovers to above where it was before , mkt showing strength - therefore long 1 tick above pre news level and vice versa. Longs shaken out , shorts carried out afterwards
 

Attachments

  • newsrevrsal.doc
    138.5 KB · Views: 494
 
Top
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock    No Thanks