Super Aggressive Reversal Trading
System is a pure reversal system based on static support and
resistance lines.
Time frame 5 min or higher.
Currency pairs: any.
Forex Indicators:
Draw Suppor/Resistance lines;
Bollinger Bands (20 period, deviation
2.0).
Step 1: Find a
Resistance\Support level It should be a level that price has touched
before and reversed:
Step 2: Make sure the Moving
Average is Flat
The 20-period Moving Average must be
flat for the set-up to be confirmed.
(the middle band of Bollinger)
Step 3: Wait for price to touch
the level again
Wait for price to touch the level
again, AND to be close to the Bollinger Band.
For long trades price should be
closer to the lower band, and for short trades price should be
closer to the higher band.
Reversal is confirmed when price goes
above the high of the previous candle (for long trades) or
below the low of the previous candle (for short trades).
Step 4: Placing Stop Loss
Stop Loss is placed:
• 5 pips below the lowest low of last
4 candles (for long trades)
• 5 pips above the highest high of
last 4 candles (for short trades)
Exiting the Trade
Trade is closed when price touches the
opposite Bollinger Band
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