REVERSAL DAYS:
Means we had a move in one direction and then a right about turn in the opposite direction........A few examples:
JAN 28TH:Short at 5162....BAR 6 making new lows,bring the stops to high of BAR 4 VIZ.5130,which alos happens to be a higher pivot low,and the high of that pivot.....and a reversal candle on the 60.Long above 5130 + room.
JAN 31ST:Short at 5121,cover at 5160 +7=5167...Long at 5167,Out at 5191(Pivot on 15 and sideways on 30....cannot expect more on a day that had big move down and then a big move up and now looking to fall again)....Short at 5191,and cover at 5138 at close.
FEB 1ST:A reversal candle on the 60 and 30 and a higher pivot low on the 15/20 before a strong reversal.
FEB 4TH:Look at this one......keep this one in the memorybanks .....4 up bars,followed by a decisive break of previous LL,......the bullish candle followed by a bearish candle taking out the lows is sweet,if multiple bullish candles followed by a bearish candle that straight away breaks the previous LL.....even better.Bulls have no time to react,there is no indecision between bears and bulls before the fall happens,the bulls are caught out in surprise and in panic.......Reverse at that point to great profits.
FEB 25TH:There is a higher pivot low on the 15 again to help us with this one.
FEB 29TH:Again a Bottoming Tail on the 60.....higher pivot lows on the 15/20
MAR 4TH:2 Reversals here....again,15/60 alerts us.......although losses day I guess with the broker very happy.
MAR 10TH:Again,same as above.....except no tails on the 60.
MAR 28TH:Here again,there is an alert from the pivots on 15/20/30
More later!!