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Super Aggressive Reversal Trading System

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:
Super Aggressive Reversal Trading System

Super Aggressive Reversal Trading System
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).
Super Aggressive Reversal Trading System

Super Aggressive Reversal Trading System
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)
Super Aggressive Reversal Trading System
Exiting the Trade
Trade is closed when price touches the opposite Bollinger Band
Super Aggressive Reversal Trading System

Super Aggressive Reversal Trading System

Super Aggressive Reversal Trading System

Super Aggressive Reversal Trading System

Super Aggressive Reversal Trading System Reviewed by learn forex trading on June 11, 2017 Rating: 5

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