Quote from: Strike Eagle 26 on April 30, 2019, 04:48:53 PM

Quote from: bikefront on April 28, 2019, 01:31:39 AM

I understand that Socrates is better by trading longer timeframes on the Reversals. Can we trade Daily level Reversals with the same level of accuracy and reliability as the Weekly+ level? I also assume that narrowly elected Reversals are better, especially with the Daily timeframe, as you have less movement to work with, so it might be better to trade the Weekly+ level. Just wanted to know. Perhaps if tehre is a big Daily level gap, then it can be better traded.

Yes daily reversals are also very accurate only the market will often gravitate towards the weekly/monthly reversals going into the end of a given week or month. If you want to day trade then the daily reversals work best since the expected move should occur within 1 to 3 days.. Usually the very next day. If the market closes well above or below a elected reversal it will often retest it before moving in the expected direction.

The GMW can be used to alert you to potential big moves. regarding the array "NORMALLY one turning point is followed by the OPPOSITE event on the next." its best to start from the monthly and work your way down to the daily, this includes the reversals

And only the Major Reversals are accurate, correct? I am under the impression that Minor ones are too easily overcome by other ones or do not have the same kind of validity.