However, the price reacted 2 pips sooner so my Reversal order didn’t get filled.

Because of this, I
discarded the level.

As you can see from the picture – if I hadn’t discarded the Reversal and took the trade when the
price actually hit the level, it would have been a profit.

Reversal trade #3:

At first, I entered a short trade based on the Volume Accumulation Setup. Pretty heavy volumes
got accumulated throughout the week around the 106.40-106.60 area. The Point of control (POC)
of this heavy volume area was at 106.53. I decided to go short from there because it was a pretty
strong resistance zone. Surprisingly, there wasn’t any significant reaction to the level and the price
got extremely close to my Stop-loss. When the price returned to the Break-even point (106.53) I
quit the trade and entered a long Reversal trade according to the rules of the strategy.

When buyers are strong enough to push the price through the weekly POC without any reaction,
it is better to change your bias than fight the market.

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This time I didn’t set up my PT to 10 pips but to 13. The reason was a failed auction at 106.65.
When the price comes close to such area it tends to test above it. For this reason, I placed my PT
1 pip above the failed auction (106.66). As you can see from the picture the Reversal worked
nicely and I was able to get my +13 pips profit quickly.

Reversal trade #4:

I had a long level based on a Trend setup on the USD/JPY. Unfortunately, there was
macroeconomic news followed by unexpected news/speech by D. Trump. This caused a rise in
volatility and the price just went through my long level without any reaction to it. I took a quick
Stop-loss. Immediately after that, I placed a limit order with a Reversal trade. With this Reversal
trade, I was able to jump into the downtrend and get my +10 pip profit quickly.

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Reversal trade #5:

179
Reversal trade #6:

Reversal trade #7:

180
Reversal trade #8:

181