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@  manfloy : (20 September 2017 - 05:44 AM) :D
@  manfloy : (20 September 2017 - 05:43 AM) lets waiting then
@  MTH2014 : (20 September 2017 - 05:36 AM) @manfloy :) EU need to oscillating at 1.2000 waiting for FOMC
@  Tripack : (20 September 2017 - 05:19 AM) gonna lunch
@  Tripack : (20 September 2017 - 05:19 AM) probably just too soon :(
@  manfloy : (20 September 2017 - 05:18 AM) kicked out from the train
@  manfloy : (20 September 2017 - 05:18 AM) https://gyazo.com/e9...01801bc96b5212d
@  Tripack : (20 September 2017 - 05:12 AM) wow you are getting me hungry now, thinking about roasted duck where you need to cut the skin like that :)
@  Tripack : (20 September 2017 - 05:11 AM) nice
@  manfloy : (20 September 2017 - 05:10 AM) <_< turbulence lol
@  MTH2014 : (20 September 2017 - 05:09 AM) have a nice Dax : https://s25.postimg....at_17_08_48.png lol
@  manfloy : (20 September 2017 - 05:05 AM) wow tri congrats :)
@  xplus : (20 September 2017 - 04:48 AM) @mth2014 I will pm u soon.....
@  xplus : (20 September 2017 - 04:47 AM) @mth2014 fine sir, still with binary.com....
@  MTH2014 : (20 September 2017 - 04:45 AM) @xplus How your trading today ?
@  xplus : (20 September 2017 - 04:42 AM) Uncle mth2014...... good day to you sir..
@  Tripack : (20 September 2017 - 04:41 AM) thx :)
@  MTH2014 : (20 September 2017 - 04:41 AM) @Tripack Nice..
@  MTH2014 : (20 September 2017 - 04:40 AM) @xplus :)
@  Tripack : (20 September 2017 - 04:38 AM) This is the kind of risk reward I like: https://imgur.com/OEqlbIw

Photo

How to pic tops and bottoms


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7 replies to this topic

#1 shaileshm

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Posted 17 January 2017 - 03:44 AM

Hey guys, I was chatting with someone who uses tops and bottoms for trading. I was wondering what exactly is required to know when the market has topped or bottom and has reached exhaustion. As I am working on reversal trading currently, this topic is quite interesting to me.

 

I think in principle it very difficult, if not impossible to detect tops and bottoms. So how do you detect a top/bottom and what are the indis etc required ?


Know Thy Setup. Know Thyself.


#2 traderpusa

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Posted 17 January 2017 - 04:04 AM

Good question, and a million answers to that.  Some use 123, Eliott Waves, etc etc.  For me, I trade a retrace and not a top or bottom.

Perhaps David can share light on how he picks those top and bottoms.


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#3 Tripack

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Posted 17 January 2017 - 12:56 PM

Yeah, that's the million dollar question too :)
Unless you have a good quality crystall ball at your disposal you can't. Tops and bottoms are subjective to the context you are looking at and your reality. At the same price level you are watching for a top, someone else using a different timeframe ot zooming out more will see this as a simple retracement and some else again will see this as a not even close to a top of range area...
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#4 Svalbard

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Posted 17 January 2017 - 01:21 PM

can't help here...my wife doesn't let me pick my bottom
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#5 BrianC

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Posted 17 January 2017 - 01:35 PM

The truth is that there aren't any tops and bottoms... in the market I mean ;)


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#6 homero15

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Posted 17 January 2017 - 02:11 PM

Hey guys, I was chatting with someone who uses tops and bottoms for trading. I was wondering what exactly is required to know when the market has topped or bottom and has reached exhaustion. As I am working on reversal trading currently, this topic is quite interesting to me.

 

I think in principle it very difficult, if not impossible to detect tops and bottoms. So how do you detect a top/bottom and what are the indis etc required ?

SOMETHING TO THINK ABOUT

 

UbuOYzs.png



#7 joe0074

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Posted 17 January 2017 - 02:43 PM

I use zigzag indicator.

#8 holli

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Posted 29 July 2017 - 05:01 PM

In this matter a lot depends solely on your trading time frame. This should be your starting point when choosing the right indicator.






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