Rolling Machines

Thursday, May 24, 2012

Outside Reversal

This week I've learned that without indicators I can perform better in my trades. Anyone heard about Outside Reversal technique. It's way better than RSI, stoch, MA or other indicators.

Outside Reversal occured when the price puts in lower low and close above the previous day's close (same for higher high and then a lower low close below previous day's close.