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@  shaileshm : (17 January 2018 - 12:28 AM) that was only till last year
@  shaileshm : (17 January 2018 - 12:28 AM) i dont think iq gets its feed from rueters anymore
@  Tripack : (16 January 2018 - 05:04 PM) As simple as that :)
@  Tripack : (16 January 2018 - 05:01 PM) See it like a casino based on official weather feeds and you need to make a bet on degree in the future
@  Tripack : (16 January 2018 - 04:58 PM) They can’t manipulate official feeds since it comes from reuters & ebs but the platform about when you can enter etc is all theirs
@  Tripack : (16 January 2018 - 04:53 PM) That is normal
@  Shahram : (16 January 2018 - 03:35 PM) All I know the price are sometimes different from mt4.
@  Shahram : (16 January 2018 - 03:31 PM) Thanks Tripack. Many traders claim that iq option manipulates the trades. I was wondering if it’s true. So far I haven’t seen real evidence.
@  Tripack : (16 January 2018 - 03:30 PM) Enjoy
@  Tripack : (16 January 2018 - 03:30 PM) Translation = regulated casino :P
@  Tripack : (16 January 2018 - 03:28 PM) bin brokers can be regulated all the way they want it will not be retated to how they manage their own platforms, simple...
@  Tripack : (16 January 2018 - 03:26 PM) they do get official feeds, and the platform is fully under their control, so they control the spead up to some extend
@  Tripack : (16 January 2018 - 03:24 PM) but in short I can answer lol
@  Tripack : (16 January 2018 - 03:23 PM) No worries :) search is on top right
@  Shahram : (16 January 2018 - 03:21 PM) sorry guys wrong section. i was planning to search on website
@  Shahram : (16 January 2018 - 03:21 PM) IQOption price manipulation
@  thi4gon : (16 January 2018 - 02:22 PM) Nice, GL
@  Tripack : (16 January 2018 - 02:16 PM) Gotta go in the meantime, good luck
@  Tripack : (16 January 2018 - 02:01 PM) Kind of stuff you can only see without arrows :)
@  Tripack : (16 January 2018 - 01:58 PM) Might be completely wrong but new down channel building up ?

Photo

How to pic tops and bottoms


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12 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 ?


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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.



#9 shunmugapriya

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Posted 24 December 2017 - 11:55 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 ?

http://www.binaryopt...e-4#entry137203

This Range of next bar  concept can help you out to find exact top and bottom in any TF (by comparing with other Higher/lower time frame)



#10 shaileshm

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Posted 24 December 2017 - 12:37 PM

http://www.binaryopt...e-4#entry137203

This Range of next bar  concept can help you out to find exact top and bottom in any TF (by comparing with other Higher/lower time frame)

 

 

I dont do reversals too much these days. But one of the best ways to get a top/bottom is to look for a volume spike in correspondence with other strong r/s levels or PA analysis like formation of M, W patterns etc.Sometimes a sudden drop in volume can also indicate good reversal point. Also its much safer to trade tops/bottoms on a ranging than a trending market. In trend i just try to go with the flow.


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Know Thy Setup. Know Thyself.


#11 wags

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Posted 24 December 2017 - 05:00 PM

I think tripack really hit the nail on the head here

 

so what is a top or bottom

 

Is it HOD or LOD

is it hitting resistance

is it hitting support

is it hitting high of channel in uptrend or hitting low of uptrend channel

is it hitting low of channel in downtrend or hitting high of channel in downtrend

is it OB or OS

 

and then add different time frames to the equation

 

The thing is all these get broken and probably around 50% of the time

 

but its what happens when price hits these areas which can make the difference

 

price can continue in any direction as long as it wants only the human brain says different

 

It also depends on what your strategy is are you looking for a long, medium or short term trade



#12 wags

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Posted 24 December 2017 - 05:05 PM

I dont do reversals too much these days. But one of the best ways to get a top/bottom is to look for a volume spike in correspondence with other strong r/s levels or PA analysis like formation of M, W patterns etc.Sometimes a sudden drop in volume can also indicate good reversal point. Also its much safer to trade tops/bottoms on a ranging than a trending market. In trend i just try to go with the flow.

 

is it safer than trading bottoms in an uptrend and tops in a downtrend?



#13 shaileshm

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Posted 25 December 2017 - 07:33 AM

is it safer than trading bottoms in an uptrend and tops in a downtrend?

 

yes i would say so.


Know Thy Setup. Know Thyself.





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