The Higher Low Reversal Strategy
This is a simple strategy that I've been using for YEARS. It works for day traders & swing traders
π§΅π
This is a simple strategy that I've been using for YEARS. It works for day traders & swing traders
π§΅π
Timeframe
This is a unique strategy, I use it on ALL timeframes
I use it for day trading on the 3, 5, 10, & hourly
I use it for swing trading on the daily & weekly
This is a unique strategy, I use it on ALL timeframes
I use it for day trading on the 3, 5, 10, & hourly
I use it for swing trading on the daily & weekly
I wanna thank you all for being awesome people
The community on here is full of traders who help others & are always open to learning. That's really cool
Now lets get into the strategy!!
The community on here is full of traders who help others & are always open to learning. That's really cool
Now lets get into the strategy!!
It Starts With A Downtrend
This is a REVERSAL strategy, so it must begin with a downtrend
Price should be declining while forming lower highs & lower lows
This is a REVERSAL strategy, so it must begin with a downtrend
Price should be declining while forming lower highs & lower lows
The Higher Lows Form
These higher lows are significant because the bulls have been losing ground during the downtrend, so this is a huge win for them
Lower lows have been forming consistently, but now bulls are holding higher levels
These higher lows are significant because the bulls have been losing ground during the downtrend, so this is a huge win for them
Lower lows have been forming consistently, but now bulls are holding higher levels
It's A Battle Between Bulls & Bears
I like to think of this like a battle. During the downtrend bears were winning & bulls were retreating
Now the bulls have made a stand & are slowly moving forward & gaining ground
I like to think of this like a battle. During the downtrend bears were winning & bulls were retreating
Now the bulls have made a stand & are slowly moving forward & gaining ground
My Entry
I like to enter after my 2nd low has fully formed
In this example, we broke & retested the high that formed before the 2nd low. That retest would be my entry
I like to enter after my 2nd low has fully formed
In this example, we broke & retested the high that formed before the 2nd low. That retest would be my entry
What To Watch For After Entry
We need to hold the new trend of higher lows. If we break a previous low, the setup is broken
In this example you can see we make higher highs & a new higher low after entry. That's perfect
We need to hold the new trend of higher lows. If we break a previous low, the setup is broken
In this example you can see we make higher highs & a new higher low after entry. That's perfect
Day Trading Example
This is a 5 minute chart. You can see the downtrend, higher lows, entry, & follow through
This is a 5 minute chart. You can see the downtrend, higher lows, entry, & follow through
A Quick Summary
1) Look for a downtrend with lower highs and lower lows
2) Wait for the bulls to make their stand & form higher lows
3) Enter when it retests a key level (previous high)
4)π°π°π°
1) Look for a downtrend with lower highs and lower lows
2) Wait for the bulls to make their stand & form higher lows
3) Enter when it retests a key level (previous high)
4)π°π°π°
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