Reversal Magic

Good Afternoon.

I am not Parsons, however, I do appreciate that people ought to be extremely sceptical given the number of scammers and fraudsters proliferating in the trading biz industry.

I have been around a long time (ex CBOT floor/prop trading on screen) and over the years have studied every method under the Sun.

Parsons is the real deal.

Yes, the basic method you have outlined is correct. However, there are a lot of subtleties that take an awful lot of time to master. Also there are two other methods that complement the reversal study which are related to recurring trend lines/angles. (discussed in bygone days by Richard Ney and J.D. Hamon)

Actually it's Parsons Balance dynamics that is the Jewel in the Crown so to speak not the Reversal study..

Anyhow, I appreciate your response. Sounds like you bought the course, but probably didn't follow up with any kind of intensive study.

The other methods that I found useful over the years have been the Ichimoku cloud study and the Taylor Trading technique.

BR, SAS
 
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