Best Reversal Strategy I Have Ever Used - 3 REVERSAL TRADING SECRETS - To Improve Your Profits

"I'm actually to share with you guys a trade we took last week in the EAP training program on the Canada yen which ended up playing out really nicely this week"

"we're gonna go ahead and jump in today's topic three techniques that can allow you to get a better advantage on your reversal trading opportunities picking tops and bottoms"

"we used a very simple price action pattern that you more than likely have heard of hundreds of times at this point in your trading career if you've been around trading for any amount of time that price action pattern is simply a double bottom"

"using these three techniques is gonna make your reversal trade to 100 percent accurate no you're never going to be 100 percent accurate you're still going to lose trades every now and again but what it's going to do is increase your chances and put the odds in your favor"

"the first technique we're gonna talk about we've actually discussed here on the channel multiple times before but if you are new it is something I call a 3x tested level of structure"

"for me I go back between two and three years in this case I have a horizontal line here this black line you see on this chart this black line represents two years back so going back about two years I want to see if there's a level that's been tested multiple times"

"do not trade reversals just out in the middle of nowhere only trade them whenever you have a higher time frame structure that lines up with a lower timeframe reversal"

"for me a way I like to use to objectively define a market that was previously in trend is something that you probably have never heard of and this is something I use quite often when building strategies something I use quite often just in my trading in general what I look for with this blue line you see on the chart is the 50 EMA"

"at least 50 bars that have closed that have not touched theirs that have closed below and not touch that 50 EMA"

"have a very solid set in stone entry at your zone and that is it that is three techniques that can create a very accurate strategy and a very accurate trading plan based around reversals"

"take the rules that we just discussed that you've just learned take all of those rules out in historical data and back test them on different currency pairs"

"go back five years and test every time this happened every time the market was trending up or trending down hit a level like this and put in some type of entry pattern that you choose to use"

"you're gonna use that that data the back testing data you get to create a risk management plan to create a full trading plan around this with when it comes to stops and targets"