Entry Order
Once a Reversal Signal shows up on the chart place a stop entry buy order one tick above the bar or pattern (for bull). The closest logical stop goes below the bar or pattern – a bar/pattern stop.
Updated Indicators – Reversal Signal Bars and more
The Reversal Signal Bars indicator shows now small Inside Bars, possible One Bar Final Flags and two variants of Breakout Pullbacks.
A small Inside Bar (even with a weak close) at one end of a large bar is a setup for a fade of the large bar. At times its fine to fade a large bar off a same colored inside bar, if the entry is within the direction of the overall trend or has some other strengtheners.
The 1st target for that fade is the other end of the bar, that contains the Inside Bar.
Continue reading “Updated Indicators – Reversal Signal Bars and more”
Labor Day Sales
Get 10% off all Price Action Indicators
Enter “Labor Day” at the checkout when you order online at our reseller MyCommerce/Digital River. Offer ends September 10th.
If you already had a trial of our indicators and want to check them out again, just drop us an email with your NinjaTrader Machine ID and we set you up for a another one.
Reversal Signal Entry Strategies
There are several ways to enter a trade on a reversal signal. All have advantages and disadvantages and finally depend on the market context and the trader. This post only represents a small selection of possible entry methods and doesn’t cover scale-in type of trade entries or trading a penetration of a micro trend line.
To find reversal signals, you can use the Reversal Signal Bars indicator. Continue reading “Reversal Signal Entry Strategies”
Automate Your Trading
We’ve updated the NinjaTrader 8 version of the Reversal Signal Bars indicator. It’s now compatible with BloodHound from SharkIndicators or can be used in the Market Analyzer/Strategy Builder of NinjaTrader.
You can call it as well from your own NinjaTrader indicators or strategies. Continue reading “Automate Your Trading”