Michael Parsons – Reversal Magic Addendum 1-02
Michael Parsons – Reversal Magic Addendum 1-02
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About the Author
Michael J. Parsons started trading in 1987 and following a series of losses embarked on a journey of research that has led to the development of several trading techniques based on a unique approach. By utilizing aspects of wave science he first developed what would later be called Reversal Magic, a time based method for predicting reversals. The accuracy and success of this method was astounding, but even astounding methods need some form of money management, resulting in the birth of Channel Surfing. He has continued to develop an emerging science of technical analysis with a price targeting method called Balance Magic. Today he continues to write about and research new methods of trading and maintains a web site at www.tradingcafe.com. Additional information on the various publications he has written can be seen at www.reversalmagic.com.
GreatestTradingTools.com in association with Parsons International Trading Institute has been teaching traders to analyze and trade the markets for nearly a decade now. Our commitment has always been to our students and their success. As a student, you are our first priority. With our innovative and advance approach to trading, coupled by our incredible support, we provide you with the very best opportunity for success.
All methods are those developed by Michael J. Parsons and are based on the geometry of the market. Each method has been extensively tested and is used by traders around the globe. Reversal Dynamics and Balance Dynamics are very unique and have no relation to Fibonacci, Gann, astrology, or practically anything else that most have encountered. Channel Surfing utilizes channels, which has been discussed by different authors before, but our approach incorporates specific rules that make the method unique and very effective. Reversal Dynamics and Balance Dynamics are predictive methods and during certain market conditions may be ineffective. No method is perfect all the time. It is strongly recommended that Channel Surfing be used in conjunction with these methods as it provides supporting trade management to improve the odds of success.
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