Best way of predicting end of trend?
Using technical analysis, have you found a successful (60%+) way to predict when a trend is going to reverse?
- 3 Answers
- In Technical Analysis
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- by
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- Duane
- 464 Views
- 1 year ago
Answers
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Predicting the beginning/end of trends...in advance of when they occur is difficult, but not impossible. I've written an intelligent data mining algorithm that searches for the predictive timing that you're searching for. The indicator statistically demonstrates that trends do repeat...and knowing the start/stop times are a huge advantage. Videos on my indicator are available at http://www.youtube.com/user/BackToTheFutureTradi If you want to "identify" then end of a trend, I think the best tool for that is price action. Never hurts to look for the traditional tech. analysis price patterns (triangles, wedges, gartleys, head-and-shoulders, etc) |
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To be very honest with you most technical indicators are failling, and you know why if they are holy grail everyone will be using them to make money, and mind you the players are watching thesame indicator so when you enter a trade with those indicators they will stop hunt your entry and make sure you loose.Most useful indicators are kept secret and privately used. |
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The indicators I like to use is the combination of Fractal and MACD Histogram trading in 1H time frame and entry and exit on 5M chart |
