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Reversal Dynamics (Greatest Trading Tools)


Reversal Dynamics was the original name of a online course by a man named Michael Parsons. The course changed names about 2 or 3 years ago to, GreatestTradingTools.com. His course is based on the scientific method of wave extraction, which allows one to determine in advance when price will change direction, usually to the exact bar. Taken one step further, also able to know where price will go before it even begins it's move (this area is called Balance Dynamics). Unfortunately, I got involved with it about a month before it made all it's upgrades and NEW rules. For lack of a better term, I allowed myself to get lost or mixed up in the shuffle. Putting my personal issue on the side (as I am sure I could have worked harder to have received more satisfaction), I am still curious to know if these scientific and geometric principles actually work? Has anyone tried this course and found it to be successful? Anytime I see his promotions or website I still wonder to this day if his concept's really did work? Thanks in advance for any reply's.
If Mr. Parsons can predict the direction of the markets with accuracy, he could easily be the richest person in the world in short order. Instead, he's doing infomercials selling courses on Gann and Fibbonacci for several hundred dollars that contain information which is free on the Internet.
-- phantasmagoria wrote --
"If Mr. Parsons can predict the direction of the markets with accuracy, he could easily be the richest person in the world in short order. Instead, he's doing infomercials selling courses on Gann and Fibbonacci for several hundred dollars that contain information which is free on the Internet."

Phantasmagoria, you obviously have absolutely NO IDEA what Parson's course is about, because it has NOTHING to do with Fibonacci or Gann. He is a VERY successful trader, and he developed the Course because he loves to teach and share his knowledge.

Not too long ago, "just for the hell of it," I opened a Demo Account with one of the Discount Futures Brokers. I find that Parson's method works better with Futures than with Forex, because there is much less stop running in the S&P, as it is one of the three most liquid contracts in the world. You would need to adapt his techniques to Forex by using bigger stops, which I will not do. Therefore I do not trade Forex.

Anyway, I ramped up the Demo Account to the point that, one day I made $91 MILLION. Yes. MILLION. One day. I had to trade in thousand-lots, but I certainly could not have done anything near that, unless his methods worked. Not only can you predict a Reversal TO THE MINUTE, but you can also usually predict the TARGET within 10% of the move. PLUS - his Channel Surfing technique allows you to minimize risk to ridiculously low levels --

http://ezinearticles.com/?expert_bio=Michael_J_Parsons

Parsons posted a few videos on Youtube that nail certain markets to the day --



Besides the S&P, for which he predicted the top in 2007 to the week, PLUS predicted the ultimate TARGET LOW, he also does Coffee and other markets. The Links are on the same side panel.

I have been impressed with Joe Ross' stuff, and his book "Trading is a Business" should be in every Trader's library. I read it three times --

http://www.tradingeducators.com/trading-books.htm

But Parson's method blows Ross away. These are the ONLY two guys that I respect, having seen dozens and dozens of other "systems."

Unfortunately, Parson's Websites are down, so getting his material may be difficult, although I have seen it listed on some of the Trading Publishers. I think that his time these days, is devoted to managing a hedge fund.

Good Trading,
Doer
Originally posted by Doer...Anyway, I ramped up the Demo Account to the point that, one day I made $91 MILLION. Yes. MILLION. One day. I had to trade in thousand-lots, but I certainly could not have done anything near that, unless his methods worked...
I must be missing something here. Trading 1,000 lots one would have to make 1,820 points per contract on the day to make $91 million, unless my math is wrong. Let me tell you, if you have found a way to pull 1,820 points from the ES in one day, I'm in. Wow. Can you give us more details on how your math lays out, because I'm trying to follow along and understand what you are saying and doing, and I'm kind of stuck here. Thanks in advance for your reply.
Jim, thanks for your inquiry. To make that many points in a DAY, I had to do one hell-ofa-lot of clicking. So at times there would be 100,000 lots or more, on at one time.

But even MORE to the point, I HAD TO KNOW WHERE THE MARKET WAS GOING WELL IN ADVANCE. Now, how could I have known that, without some REALLY GOOD PREDICTIVE TOOL??

NOT POSSIBLE. Because doing it randomly would take you months or years of trial-and-error. A few weeks ago, I tried it again, "just for the hell of it." Same result -- except this time I made something like $125,000. In one DAY.

You well know that is is all PATTERN RECOGNITION. And Parson's method nails some really predictive patterns down cold. That is the beauty of his system, and the only way I could have done this.

Now, it is not possible to ACTUALLY do this with a live account, because 100,000 contracts is fully 5% of the entire day's volume. If you put on 10,000 lots at a time, you would spike that market severely, but the Demo Account let me do that. So you would have to know that the market were trending for most of the day, in order to get away with that kind of strategy live. And even then, you would have to scale in only 1,000-2,000 lots at a time during the most active parts of the day, in order not to disrupt things too badly. PLUS -- if you had a day-trading margin of $500, you would need to have $50 MILLION in your account to cover. That would be a Broker's wet dream.

Even so, this gives you some really serious stuff to think about. I am showing you ACTUAL POSSIBILITIES. Because we need to stop "thinking small." We need to THINK OUT OF THE BOX, if we are to get anywhere -- not only in trading, but especially in LIFE.

Good Trading,
Doer

Doer, Why are you trading this in a SIm account and not a live account if the system works so well? Why not trade 10-100 contracts at a time and retire in a few months?
That is the plan. However, serious "legal issues" are presently holding me back. So I will continue to post my experiences as events unfold. Meanwhile, you have enough information to test it for yourself, and I do not need to explain more. You can look at the Charts Section for future posts of mine.

Good Trading,
Doer
I'd like to see some of your charts with predictions in advance....we always look for consistency and timeleyness.....but don't care about spelling...lol...seriously though..I look forward to the charts in advance of the market move
Originally posted by Doer

That is the plan. However, serious "legal issues" are presently holding me back. So I will continue to post my experiences as events unfold. Meanwhile, you have enough information to test it for yourself, and I do not need to explain more. You can look at the Charts Section for future posts of mine.

Good Trading,
Doer

let me be more specific....why don't you give us the "swings" in the S&P for each day of this week starting this morning.....that would be cool...just the major ones...
I posted Reversals and Targets here --

http://www.mypivots.com/Board/Topic/5154/1/sp-reversals-targets

Unfortunately, when I went to test the Download it did not open for me, so do not know what is the problem, having attempted it twice. Perhaps you could go to the Downloads Page and get it there.

These are Weekly and Daily Charts, showing the imminent, significant Reversals. As noted before, I have serious legal issues that I must attend to, so have not time to post Intra-day Charts. Besides, I cannot chew your food for you. Once you see how this is working, it should motivate you to learn the techniques.

Good Trading,
Doer

Hopefully DT can resolve your posting problems/////You are not alone with the posting challenges and the new forum...I know they are working on resolving them.......I'm not personally looking for intra- day updates...you post what you want, when you want to.....too often we get posters here who are just advertising for a vendor. I'm not suggesting this is the case with you and hope you stick around for a while so we can view the accuracy over time.

For us to view one or two predictions would be rather meaningless and you already said there is no link for Parsons that is working. So you are all we have at this time. Good luck with the legal issues....and thanks for taking the time here.

Bruce
Originally posted by phantasmagoria

I'm amazed at the overall lack of interest in this thread given the instant riches and crystal ball claims.

I take that as a good sign that perhaps the audience is getting wise to these types of gimmicks.

I've seen gimmicks Phantas, and I just don't think this one qualifies.
This isn't "Magic Lines in the Sand" stuff. I really think there's something to this market geometry. Not that I plot phases of the moon..HA!
Not arguing with ya, just my humble opinion.

I'd really like to read more of Doer's experiences and thoughts on this one.