Quote from: bikefront on April 18, 2019, 01:05:46 AM

StrikeEagle, some of the Reversals are opposed by others, e.g. Minor vs Major and short term vs longer term. Do the ones that are in alignment and Major move better/more reliably than the others? And any other tips on which Reversals to trade and which types to avoid? The Cycle timing seems hit or miss to me, so I'd rather only trade Reversals which don't have any subjectivity. On that topic, do you know if there are there any plans for Socrates to trade based on its own information, or is it discretionary only?

Bikefront, keep in mind the Reversal System is not based on technical analysis, its very existence is based on the key principles of physics. Armstrong has said The Reversal System is not intended to pick highs or lows, "The Reversals provides a map of precisely how far a market can move against the current trend without actually reversing the trend itself."

I can't recommend enough everyone read the user guide on how to use the reversal system, it will explain everything
https://www.armstrongeconomics.com/the-princeton-models-and-methodologies-a-users-guide/how-to-use-3/
https://www.armstrongeconomics.com/the-princeton-models-and-methodologies-a-users-guide/system/

Majors are definitely more impressive and usually results in a move significant move when they are elected since they are generated from a major high or low but it just means there is more resistance/support at that level, minors are essentially a minor resistance/support level and majors are a major resistance/support level. The important thing is to find the gaps regardless of whether its a minor/major or even if multiple reversals have been elected. Such as I recall the pound electing 3 weekly bullish reversals and bouncing off the 4th reversal so it went down from there.

Most of the time when one level is penetrated, the market price activity will continue to the next available Reversal so therefore we need to look for the gaps because a daily bullish reversal may be elected yet the next available reversal may be a weekly bullish reversal(weekly resistance) or even a monthly bullish just above which can overpower the daily and so on but I believe this is more true than ever when we are approaching the end of the week or month where the market will tend to gravitate towards those reversals and so the daily reversals can easily become overpowered by a much stronger cycle.

Regarding the question do you know if there are there any plans for Socrates to trade based on its own information, I believe that will be coming in stage 2

Here are some more links that are very helpful in understanding more about the reversal system

(https://www.armstrongeconomics.com/qa/filtering-the-reversals-what-level-to-use/
https://www.armstrongeconomics.com/armstrongeconomics101/basic-concepts/the-third-fourth-reversal/
https://www.armstrongeconomics.com/armstrongeconomics101/basic-concepts/trading-reversals-in-reverse/
https://www.armstrongeconomics.com/models/understanding-the-trading-model/