Trading the Jam way | Trading Reviews and Vendors


futures.io - futures trading strategies, market news, trading charts and platforms


Trading Reviews and Vendors


Discuss and review vendors of commercial trading products, trading rooms and services, trading indicators or third-party paid add-ons




 

Trading the Jam way

  #120 (permalink)

Juno Beach
 
Trading Experience: Advanced
Platform: Ninja and TS
Broker/Data: Optimus Futures / Matt
Favorite Futures: multiple
 
JamTheTrader's Avatar
 
Posts: 135 since Sep 2009

Reversal Patterns

In Trader Vic's book "Principles of Professional Speculation" Vic teaches us one of his favorite reversal patterns. In an uptrend if prices penetrate the previous high, but fail to carry through and immediately drop below the previous high, the trend is apt to reverse. In a downtrend if prices penetrate the previous low, but fail to carry through and immediately rise above the previous low, the trend is apt to reverse.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


A second pattern that I really like in Trader Vic's book " Principles of professional Speculation" Vic shares another great reversal pattern, the 1-2-3 Pattern.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Last edited by JamTheTrader; January 17th, 2012 at 06:51 AM.
Reply With Quote