still_waters

Major Trend Reversal Trading (Part 1)

FX:EURUSD   Euro / U.S. Dollar
The basic premise of Major Trend Reversals, From Al Brooks Video Series. I will be trading this way for a while.
Comment: The Test of The Extreme, before potential reversal can be one of three things (if bull trend).
1. Higher High
2. Double top
3. Lower High.

Most reversals will fail. Protective stop is 1 tick before the signal bar, so risk is small.
It should go without saying that these work for bull reversals from bear trends apply. Just reverse everything I'm saying.
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