Jump to content
navigata7

Reversals vs. Refractions

Recommended Posts

Hi all. I am fairly new to trading, so still trying to find a strategy that works for me. I like the idea of using short term moving average crossovers to make short swing trades over a span of ideally 3 to 5 trading days. The crossover itself seems to work well, but I am struggling with finding the right stocks to play on a reversal trend. A lot of times I find myself opening trades with short term refractions (matter of only 1 to 2 days) and keep getting stopped out because the refraction keeps going in a downtrend (I am focusing on bullish trades for now). My question to you is the following:

1) What can I combine with reversal candlesticks (bullish engulfing and hammer) to improve my confidence in a reversal (or even a big refraction) vs. a small refraction that only lasts a day or two?

2) If you have suggestions, how successful are your predictions of a true reversal? Ideally, anything above 50% would be great.

Thanks in advance.

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.