22# Levels Reversal Trading System
Pivot Point Levels Reversal Trading System
Submit By Maximo Trader 07/08/2013
Time Frame 4H or daily Time Frame
Currency paors:eurusd - audusd - usdcad - usdjpy - usdchf - nzdusd - gbpusd audcad – cadjpy-gbpjpy - eurjpy - gbpaud - eurgbp – audchf - gbpcad.
This tradind system Reversal is based on the pivot point leves and jmo indicator.
This trading system is very simple and effective this is anther secret revelead!!!
Trading rules:Levels Reversal trading system
When that the price breaks a resistant Pivot point level, wait that jmo indicator come back down from oversold area and crosses downward.
Stoploss: Place your stoploss 10 pips above or below the previous swing.
Target: First target is 20 pips, Second target is 50 pips. And you can look to close above 50 pips if you
see fit. The strategy is meant to be entered with a full position at once.
You may extend your target later once you master the strategy, but ALWAYS let your target be at least
60 pips away from the next level on daily chart trade pick and 20 to 30 pips on a 4 hours chart trade pick
in case if you want to extend your target.
Profit Target also on the Pivot points leves or Fibonacci levels.
This Strategy is very good for trading with binary options and options.
Comming soon Trading rules for trading in binary options ( in the section of the site).
In the pictures below Levels Reversal Trading System in action.
Share your opinion, can help everyone to understand the Levels Reversal Trading System.