Simple Daily Trend Reversal Trading System

Howdy everybody I would prefer to welcome you to my thread. I need to share with you a technique that I've been buying and selling since early this 12 menses. I've had good success with this technique, and offering you observe the commerce guidelines of the technique you may obtain near 80% success. I commerce this technique on my reside account each day, and you'll observe my reside TE in my profile.

This technique relies off of buying and selling pattern reversals. It requires you to be very affected person and calm as confirmed set ups are few, however when there's a confirmed arrange will probably be very worthwhile more often than not. 4 indicators are used for this technique, I discovered them on-line a very long time in the past and located a technique to make them work collectively efficiently. With this technique we are going to commerce primarily H4, and H1 though decrease TF can be utilized, however with decrease accuracy, so its suggested with warning. It is rather vital to make it possible for all the indications are in settlement for a affirmation of a commerce, if not then it would scale back your likelihood of success.

Setting the TP & SL is a private alternative. For me if I set a SL, I might usually set my SL on the earlier excessive or low, and TP and may also be set both utilizing Fibonacci or when there may be the subsequent confirmed sign. I'll monitor value motion more often than not, and get out if I see the pattern is altering. Beneath are the commerce guidelines.

Guidelines to purchase:

First a inexperienced Zig Zag Arrow will seem.
Second the MBFX Timing indicator is oversold (Beneath the 30% degree) and indicating a inexperienced uptrend.
Third the Trend Line indicator is exhibiting inexperienced uptrend.
When the candle crosses above the 15 SMA up from beneath, and provided that the commerce continues to be confirmed by the 3 indicators.

Legitimate Purchase Entry:

http://i66.tinypic.com/a2g1g5.png

Guidelines to promote:

First a purple Zig Zag Arrow will seem.
Second the MBFX Timing indicator is overbought (Above the 70% degree) and indicating a purple down pattern.
Third the Trend Line indicator is exhibiting purple downtrend.
When the candle crosses beneath the 15 SMA down from above, and provided that the commerce continues to be confirmed by the 3 indicators.

Legitimate Promote Entry:

http://i65.tinypic.com/nf2o3n.png

So principally when all 3 indicators have confirmed a sound commerce, and are all in settlement for a purchase or a promote in line with the foundations, and so they cross the 15 SMA, a commerce is opened.

This technique works and I encourage you guys to do that technique and share your outcomes with us.

Please give me your suggestions and lets all take pleasure in success from this technique. Inexperienced pips to you all.