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If someone starts flaming you PM me with a screenshot of the incident and I will ban them if its legit. Do not flame them back, it makes our work as admins harder figuring out who started it. So if you flame them back, you may get banned too.
@  Shahram : (22 November 2017 - 07:52 PM) binary option
@  MTH2014 : (22 November 2017 - 05:33 PM) lol you don't believe me right ? I really see selena gomez in red orange like a crab : https://i.gyazo.com/...22e035ac7ca.jpg
@  Tripack : (22 November 2017 - 05:17 PM) Rofl
@  MTH2014 : (22 November 2017 - 05:16 PM) I see selena gomez..
@  Tripack : (22 November 2017 - 05:16 PM) now ppl see crabs and stuff
@  Tripack : (22 November 2017 - 05:15 PM) Then you have forms within forms etc, too much of a headache, when I was a kid I looked at clouds in the sky and I saw a cat while my buddy saw a dog :P
@  Tripack : (22 November 2017 - 05:11 PM) if a form is not confirmed and fails it will start forming another one etc
@  Tripack : (22 November 2017 - 05:10 PM) @zee harmonics do repaint by nature
@  Tripack : (22 November 2017 - 05:04 PM) I guess it happens everywhere
@  MTH2014 : (22 November 2017 - 05:03 PM) it happen in my country too... lol
@  Tripack : (22 November 2017 - 05:02 PM) Nope, lol.
@  MTH2014 : (22 November 2017 - 05:02 PM) @Tripack that my country ...lol
@  Tripack : (22 November 2017 - 05:01 PM) Someone once told me in a completely different context than trading that in his country, if someone starts to make shoes and his business works well, the the whole village will make shoes too, instead of be creative and make something else
@  MTH2014 : (22 November 2017 - 05:01 PM) maybe because of Thanksgiving.. ??
@  Tripack : (22 November 2017 - 04:58 PM) Good question
@  MTH2014 : (22 November 2017 - 04:57 PM) why people looking for Legends and not looking for profit ?
@  Tripack : (22 November 2017 - 04:55 PM) Heh
@  MTH2014 : (22 November 2017 - 04:53 PM) as far as I know his leg ends here... lol :P
@  MTH2014 : (22 November 2017 - 04:53 PM) @Tripack :D :wub:
@  Tripack : (22 November 2017 - 04:52 PM) Lol uncle

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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