Major Trend Reversal Trading (Part 1)

FX:EURUSD15

Euro Fx/U.S. DollarFXCM

Description

⋅ Dec 12, 2015 5:48 AM

The basic premise of Major Trend Reversals, From Al Brooks Video Series. I will be trading this way for a while.

Comment

⋅ Dec 12, 2015 5:53 AM

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.

AL brooks price action PA MTR reversals moving average

Comments

anacondabitch

⋅ Mar 22, 2018 5:26 AM

so how do you calculate entry bars?

still_waters

⋅ Dec 12, 2015 7:00 AM

It should go without saying that these work for bull reversals from bear trends apply. Just reverse everything I'm saying.