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Reversalpoint

Trend Reactionary Numbers Natural Contraction & ExpansionThrough trail and error and years of experimenting I discovered that Price movements determine FUTURE Price movements. Markets have a dominate tendency to exhibit support and resistance at price points defined by percentage increases and declines of past Peak to Trough movements and vice versa. I was able to approximate the ideal ratio values to determine these future points of support and resistance . These levels have become my propriety Trend Reactionary Numbers that through natural market movements need to be adjusted. You will ascertain with the help of my TRNS that market movements assemble themselves into a few conspicuous types of action that have a certain orderliness. This orderliness is the price expression of human nature, or market psychology it is where we get to watch what drives traders to do what they do. It is a picture of the most powerful human habits. The habits of Fear, Hope and Greed are all charted out for us to observe and take advantage of.
Long
by Tommygunn
Trend Reactionary Numbers Natural Contraction & ExpansionThrough trail and error and years of experimenting I discovered that Price movements determine FUTURE Price movements. Markets have a dominate tendency to exhibit support and resistance at price points defined by percentage increases and declines of past Peak to Trough movements and vice versa. I was able to approximate the ideal ratio values to determine these future points of support and resistance . These levels have become my propriety Trend Reactionary Numbers that through natural market movements need to be adjusted. You will ascertain with the help of my TRNS that market movements assemble themselves into a few conspicuous types of action that have a certain orderliness. This orderliness is the price expression of human nature, or market psychology it is where we get to watch what drives traders to do what they do. It is a picture of the most powerful human habits. The habits of Fear, Hope and Greed are all charted out for us to observe and take advantage of.
CBOT_MINI:YM1!
by Tommygunn
USDCAD POTENTIAL REVERSALHello trader, I am back after some moment with a potential setup that can move up 700pip or more on the USDCAD, the USDCAD is trend down for a long time without giving a clear pullback till it makes it to its last clear setup that leads to its initial uptrend before the drop. the initial setup is a swing low then the price fails to break it and create a new swing high low which I illustrated it as (SMS), then a clear break of structure which i illustrated as (BOS) then the price rallied far away without returning till this date to the last candle with is engulfed pinbar which is my decision point for a reversal pattern.
Long
by Legend_yy_chazali
2
Trend Reactionary Numbers Natural Contraction & ExpansionMY DAILY RANT : As prices advance and decline the Market creates new important foot prints for astute traders to gain clues from. In my opinion the market is creating mini Waves that are at first random based on the two main factors of market traders personalities, Fear and Greed. When the market has expanded into new territory or reacted down into new territory the hourly, daily and weekly fluctuations are very difficult to forecast. This is where the masses lose capital. In the market the crowd is wrong 90% of the time because the majority of traders are following current price movements, those that followed earliest have the greatest chance to profit, however, they do not know when to escape and tend to lose the gains that were luckily attained {once again to emotions of Greed and Fear, a never ending vicious circle for the neophyte}. In short most traders do not like to think or study it is not an easy task. Thinking and Study require patience and effort. I once read a profound statement "Patience is not a virtue of the weak". That short statement helped me immensely, I was once guilty of all those market sins and more which I will detail in future posts. Now back to the task at hand, the explanation. My take on the market has evolved through my 30 years of active market participation, and one major {for me } paradigm shift occurred when I shifted away from the temporal use of Time. I realized that having a temporal Belief was creating confusion in slow or fast moving markets. Whenever you create confusion it produces frustration which creates non-adaptive behavior that gets you STUCK and that creates losses. I would bet that 99% of the traders that are reading this post if asked for their definitions of short, intermediate, and long term would respond in some sort of time factor. Many would say that short term is 3 days or less, Intermediate is 2 weeks and long term is monthly or some combination of those time factors. These widely used terms and definitions over time {no pun intended} did not serve me well. They may be appropriate for the non professional trader to describe how long he wishes to hold a position or to describe market movements as he understands them, but not for the professional. I had come to realize that due to increased volatility, speed of market news dissemination and Blog Factors {think Game Stop for example} market movements that in the past took weeks or months are now being completed in days or sometimes hours. I adopted different descriptions of short, intermediate, and long term to percentage price movements instead of specific time intervals. This one shift in beliefs allowed me to see mathematically how far a market moved and at what speed it was moving {based on the time factor}. It gave me an ability to realize an Intermediate move{for example} was happening very quickly and that alerted me to look for escape levels for profits or to cut a loser. Consider These Percentages: Ultra Short Term 1/2 % {.005} - 1.9% Short Term 2% - 2.99% Standard Term 3.0% - 3.99% Medium Term 4%- 5.99% Standard Medium Term 6% - 8.99% Long Term 9% and above. Through trail and error and years of experimenting I discovered that Price movements determine FUTURE Price movements. Markets have a dominate tendency to exhibit support and resistance at price points defined by percentage increases and declines of past Peak to Trough movements and vice versa. I was able to approximate the ideal ratio values to determine these future points of support and resistance. These levels have become my propriety Trend Reactionary Numbers that through natural market movements need to be adjusted. You will ascertain with the help of my TRNS that market movements assemble themselves into a few conspicuous types of action that have a certain orderliness. This orderliness is the price expression of human nature , or market psychology it is where we get to watch what drives traders to do what they do. It is a picture of the most powerful human habits. The habits of Fear, Hope and Greed are all charted out for us to observe and take advantage of.
BITSTAMP:BTCUSD
by Tommygunn
USDTRY 7.50328 + 0.27 % SHORT IDEA * STRUCTURE & PRICE ACTIONHello everyone Hope everyone is good having a good week in the markets... here's an idea on the DOLLAR/ TURKISH LIRA. * follow your entry rules on entries * significant moves with the bulls change the plan. lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
The downtrend is coming, not yet!Last week's macroeconomic announcements created support at the price level of 1.1870, which is the lower limit of the downtrend channel. So, from a technical analysis point of view this was almost to be expected. Then looking at the indications of the Stochastic it seems that the upward movement still has a lot of room for development because the index has just come out of the oversold level. In the case that the downtrend that has been created is valid, and it is not a downward corrective move of the main upward trend, a rise of prices up to the resistance point of 1.2070, so that prices cover almost the entire range of the downtrend channel, it is very likely to be verified. In the case, now, that the movement within the downward channel is a correction, the point 1.2070 and the possibility of its breaking is the first indication for the future upward movement.
by UnknownUnicorn214400
Trend Reactionary Levels Trend Reactionary Numbers (TRNs) are powerful Support and Resistance Zones that will be respected by the Markets. These Numbers are the outcome of 30 years of Trading Experience with over 15+ years on Wall Street. I worked for Institutions like Deutsche Bank, BNA, CRT and DG Bank in New York. They are calculated by a proprietary formula and other variables which result in Key Market Reversal Points. As the Price of the Financial Instrument Expands or Contracts the TRNs will be adjusted to the new exponential Average True Range. Recent Price activity suggested two new reactionary levels of Resistance and Support reflected in the deeper red lines.
NASDAQ:META
by Tommygunn
Trend Reactionary Levels Trend Reactionary Numbers (TRNs) are powerful Support and Resistance Zones that will be respected by the Markets. These Numbers are the outcome of 30 years of Trading Experience with over 15+ years on Wall Street. I worked for Institutions like Deutsche Bank, BNA, CRT and DG Bank in New York. They are calculated by a proprietary formula and other variables which result in Key Market Reversal Points. As the Price of the Financial Instrument Expands or Contracts the TRNs will be adjusted to the new exponential Average True Range.
NASDAQ:TSLA
by Tommygunn
DOWJONES Futures YM1! TRNs32427.41 32016.64 31600 31195.09 30700 30373 Who Am I To Develop an Indicator? I must admit that once I developed these areas of Resistance and Support, I could not faithfully trade them. I had no real confidence in the levels because I created them. In order to gain confidence, I had called up several traders from different bank trading desks (all given different currency TRNs as not to skew the data) and asked them to evaluate these pivot points I was using. The positive feed back was overwhelming. All traders wanted to know how to calculate them. Many were using with Fibonacci Levels and Pivot levels to fortify Resistance and Support levels. When asked what service I was using to obtain these levels I then revealed I derived them. Still in disbelief as to their validity I kept asking my fellow traders “Do You See What I See?” Most replied “Of Course” and “Are You Blind?” to the most assuring “ Hey just keep calculating and Giving them to me, they are a great incite.” Their replies to my question convinced me to finally have faith in my indicator. Over time you will also see the power in these points to help you make educated trading decisions that lead to low risk, less confusion and superior profits. All the Best
CBOT_MINI:YM1!
by Tommygunn
ETHUSD TRNs UpdateWhile I have seen and heard of Crypto Trading I must admit that I paid no attention to the explosion of these markets. Being an old salt Bank currency trader when I discovered Bitcoin at 3.00, I laughed and thought to myself these guys are going to get set up by the G7. The Central Banks are the biggest and most Powerful Mafia on the globe. They don't like competition. They will allow them to get really invested and outlaw them crashing the market. I Was Completely Wrong and Missed A huge opportunity because of narrow minded thinking. Am I very Late to the party ? No, I think I missed the First few Dances as this Party is just getting Started. The Volatility is fantastic and the liquidity deeper than the Marianas Trench. I look forward to commenting on and proffering my ideas to this community. Here are the lower TRNs: 1454.36 1368.75 1296.68 1224.30 1156.00 1031.80 Who Am I To Develop an Indicator? I must admit that once I developed these areas of Resistance and Support, I could not faithfully trade them. I had no real confidence in the levels because I created them. In order to gain confidence, I had called up several traders from different bank trading desks (all given different currency TRNs as not to skew the data) and asked them to evaluate these pivot points I was using. The positive feed back was overwhelming. All traders wanted to know how to calculate them. Many were using with Fibonacci Levels and Pivot levels to fortify Resistance and Support levels. When asked what service I was using to obtain these levels I then revealed I derived them. Still in disbelief as to their validity I kept asking my fellow traders “Do You See What I See?” Most replied “Of Course” and “Are You Blind?” to the most assuring “ Hey just keep calculating and Giving them to me, they are a great incite.” Their replies to my question convinced me to finally have faith in my indicator. Over time you will also see the power in these points to help you make educated trading decisions that lead to low risk, less confusion and superior profits. All the Best
BITSTAMP:ETHUSD
by Tommygunn
2
XAGUSD SILVER TRNs60.00 57.74 54.74 52.08 50 46.87 44.98 42.08 38.35 36.19 33.50 31.37 30.66 30.10 28.88 25.67 23.10 19.00 16.40 12.00 Who Am I To Develop an Indicator? I must admit that once I developed these areas of Resistance and Support, I could not faithfully trade them. I had no real confidence in the levels because I created them. In order to gain confidence, I had called up several traders from different bank trading desks (all given different currency TRNs as not to skew the data) and asked them to evaluate these pivot points I was using. The positive feed back was overwhelming. All traders wanted to know how to calculate them. Many were using with Fibonacci Levels and Pivot levels to fortify Resistance and Support levels. When asked what service I was using to obtain these levels I then revealed I derived them. Still in disbelief as to their validity I kept asking my fellow traders “Do You See What I See?” Most replied “Of Course” and “Are You Blind?” to the most assuring “ Hey just keep calculating and Giving them to me, they are a great incite.” Their replies to my question convinced me to finally have faith in my indicator. Over time you will also see the power in these points to help you make educated trading decisions that lead to low risk, less confusion and superior profits. All the Best
SAXO:XAGUSD
by Tommygunn
XAUUSD GOLD TRNs2151.42 2102.49 2030.86 2006.40 1980.17 1955.72 1931.24 1906.00 1882.32 1857.86 1808.93 1752.78 1746.49 1719.18 1654.53 1562.00 1475.72 Who Am I To Develop an Indicator? I must admit that once I developed these areas of Resistance and Support, I could not faithfully trade them. I had no real confidence in the levels because I created them. In order to gain confidence, I had called up several traders from different bank trading desks (all given different currency TRNs as not to skew the data) and asked them to evaluate these pivot points I was using. The positive feed back was overwhelming. All traders wanted to know how to calculate them. Many were using with Fibonacci Levels and Pivot levels to fortify Resistance and Support levels. When asked what service I was using to obtain these levels I then revealed I derived them. Still in disbelief as to their validity I kept asking my fellow traders “Do You See What I See?” Most replied “Of Course” and “Are You Blind?” to the most assuring “ Hey just keep calculating and Giving them to me, they are a great incite.” Their replies to my question convinced me to finally have faith in my indicator. Over time you will also see the power in these points to help you make educated trading decisions that lead to low risk, less confusion and superior profits. All the Best
SAXO:XAUUSD
by Tommygunn
ADAUSD TRNs UpdateAdded more TRNs to the upside 1.2278 1.2442 1.2610 1.2776 1.2943 1.3108 1.3330 1.3440 1.3618 1.3784 1.4011 1.4277 1.4603 1.4870 1.5410 Who Am I To Develop an Indicator? I must admit that once I developed these areas of Resistance and Support, I could not faithfully trade them. I had no real confidence in the levels because I created them. In order to gain confidence, I had called up several traders from different bank trading desks (all given different currency TRNs as not to skew the data) and asked them to evaluate these pivot points I was using. The positive feed back was overwhelming. All traders wanted to know how to calculate them. Many were using with Fibonacci Levels and Pivot levels to fortify Resistance and Support levels. When asked what service I was using to obtain these levels I then revealed I derived them. Still in disbelief as to their validity I kept asking my fellow traders “Do You See What I See?” Most replied “Of Course” and “Are You Blind?” to the most assuring “ Hey just keep calculating and Giving them to me, they are a great incite.” Their replies to my question convinced me to finally have faith in my indicator. Over time you will also see the power in these points to help you make educated trading decisions that lead to low risk, less confusion and superior profits. All the Best
by Tommygunn
UNIUSD TRNs49.31 47.31 45.96 44.82 42.58 40.34 39.42 37.12 35.75 33.91 32.08 29.78 27.70 25.77 23.39 22.11 18.10 15.87 12.00 9.15 6.00 3.70 Who Am I To Develop an Indicator? I must admit that once I developed these areas of Resistance and Support, I could not faithfully trade them. I had no real confidence in the levels because I created them. In order to gain confidence, I had called up several traders from different bank trading desks (all given different currency TRNs as not to skew the data) and asked them to evaluate these pivot points I was using. The positive feed back was overwhelming. All traders wanted to know how to calculate them. Many were using with Fibonacci Levels and Pivot levels to fortify Resistance and Support levels. When asked what service I was using to obtain these levels I then revealed I derived them. Still in disbelief as to their validity I kept asking my fellow traders “Do You See What I See?” Most replied “Of Course” and “Are You Blind?” to the most assuring “ Hey just keep calculating and Giving them to me, they are a great incite.” Their replies to my question convinced me to finally have faith in my indicator. Over time you will also see the power in these points to help you make educated trading decisions that lead to low risk, less confusion and superior profits. All the Best
by Tommygunn
DOTUSD TRNs64.00 63.00 60.00 54.10 49.35 48.61 47.22 46.52 45.13 43.70 39.05 35.45 33.50 30.70 28.20 25.15 22.60 15.82 14.11 11.88 10.59 6.00 Who Am I To Develop an Indicator? I must admit that once I developed these areas of Resistance and Support, I could not faithfully trade them. I had no real confidence in the levels because I created them. In order to gain confidence, I had called up several traders from different bank trading desks (all given different currency TRNs as not to skew the data) and asked them to evaluate these pivot points I was using. The positive feed back was overwhelming. All traders wanted to know how to calculate them. Many were using with Fibonacci Levels and Pivot levels to fortify Resistance and Support levels. When asked what service I was using to obtain these levels I then revealed I derived them. Still in disbelief as to their validity I kept asking my fellow traders “Do You See What I See?” Most replied “Of Course” and “Are You Blind?” to the most assuring “ Hey just keep calculating and Giving them to me, they are a great incite.” Their replies to my question convinced me to finally have faith in my indicator. Over time you will also see the power in these points to help you make educated trading decisions that lead to low risk, less confusion and superior profits. All the Best
by Tommygunn
LINKUSD TRNs15.28 17.20 19.60 22.49 23.66 24.95 25.70 27.48 28.91 30.70 31.42 32.73 33.60 34.91 35.81 36.69 37.29 38.41 39.47 40.01 40.55 42.14 43.21 44.32 45.01 46.95 47.09 47.90 48.16 50.00 Who Am I To Develop an Indicator? I must admit that once I developed these areas of Resistance and Support, I could not faithfully trade them. I had no real confidence in the levels because I created them. In order to gain confidence, I had called up several traders from different bank trading desks (all given different currency TRNs as not to skew the data) and asked them to evaluate these pivot points I was using. The positive feed back was overwhelming. All traders wanted to know how to calculate them. Many were using with Fibonacci Levels and Pivot levels to fortify Resistance and Support levels. When asked what service I was using to obtain these levels I then revealed I derived them. Still in disbelief as to their validity I kept asking my fellow traders “Do You See What I See?” Most replied “Of Course” and “Are You Blind?” to the most assuring “ Hey just keep calculating and Giving them to me, they are a great incite.” Their replies to my question convinced me to finally have faith in my indicator. Over time you will also see the power in these points to help you make educated trading decisions that lead to low risk, less confusion and superior profits. All the Best
by Tommygunn