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Old 04-05-2007, 08:54   #11
vsampier
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Smile Re: Trend Reversal Prediction

Hello FXHolic,

No I don't use Elliott Wave. Unlike other folks who post forecasts on moneytec based upon certain Price targets and Levels, the techniques that I use are focused more so on Time targets and Levels.

So, while I may not be able to forecast exactly at what price levels a trend or correction may reverse (perhaps things like Fib + S/R levels will give you this information), I probably do have a good idea about as to when (time periods) these reversals may occurr.

I don't use any indicators. I don't use things like Delta, Measured Moves, Chart Patterns, Candlestick formations, etc. - None of these.

I use 2 Important techniques

I use a certain kind of Charting technique, that factors price information with time information, and displays that in a chart format - only, *not* your everyday regular Bar or Candlestick or Renko or 3Line Break type of charts.

And more importantly, over the past 5 years, in doing my own research, I 'think' that I have discovered something that gives me those specific dates and time periods.

Now, I like everyone in this Forex game is only a mere mortal, so while I believe that through my research these past 5 years, that I have something now that appears, at least to me, to give me that timing edge, I don't at all say that it is a holy grail or is perfect.

While these timing factors do give me specific dates, the trick for me as human, is to correctly determine if either the main trend or the correction that the EUR happens to be in at that time will either continue or reverse during those key time periods. For example, we just completed one of those key time periods 4/27-5/1, that is why I believe 4/27 was the top (for now) of the recent upthrust. Right now I have some thoughts, that help me make those decisions. Also the charting technique that I mentioned, ultimately confirms if a reversal does take place at those key time periods.

So in summary, I use the Time indications to put me on alert to be on the lookout for a change ath these key dates, and I use a special Charting technique to help dtermine if those changes are happening.

Like I said, we are all human and humble - so let's see if both your analysis and my analysis (both reached through different methods) turn out to be the truth.
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