Jump to content

Recommended Posts

Hello BBTraders!

I've started my daytrade education for about 3 weeks ago and I've watched all videos concerning reversals issue. Still, I have a few doubts but I was wondering why the following reversal has escaped me and I didn't recognized it.

Can anyone help me identify how could I detect this reversal? This chart is from January 12th and I missed that stron reversal to VWAP at 11h55. I din't see volume coming in (chart 1min.) , however at the beginning price was extended from de 9EMA (chart 5min.) and, at arround 61.8$ (chart 1min.) there is a crossing between moving averages (9, 20 and 50, chart 1 min.) and finnaly a last bearish candle was a hammer. I think I'm missing something, so, how can I identify this reversal sooner? Important as well is that 61.2 is a level, is de LOD! Is these 4 criterias enough for me to enter?



Thank you in advance for your replys.

Regards and wish you all good trades!

Nuno Inácio (from Portugal).


Edited by nmdinacio

Share this post

Link to post
Share on other sites

Generally u have the major criteria correct.  Sometimes u see the turn sometimes u do not. And it comes with time, chart time under ur belt.

1. A level, significant  one

2. Exhaustive or climatic volume compared to previous candles

3. Candle Pattern, Doji, Hammer, Engulfing, Harami

4. Break of high or the previous pattern in 3 above

5. Time / Sales - orders hitting the ASK, usually green.  Tape speeding up

6. Montage - BIDS stacking, ASK lifting, ASK thinner than BIDS

  • Like 1

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.