In the last post we shared with you the Trend Catcher Trading Strategy 24 Page PDF. Michael Nurok the developer of this Trend Catcher Trading Strategy has now released his new Price Flip Trading Strategy 17 page PDF. You should download the Trend Catcher Trading Strategy if you haven’t and then Price Flip Trading Strategy 17 page PDF as well.
This is a screenshot from the Price Flip Trading Strategy 17 page PDF. Price Flip is a pure price action trading strategy that is based on the Head Fake Principle that is based on the price reversal after a consecutive bullish or bearish bars. You should use this Price Flip Trading Strategy on H1 and H4 timeframes.
When trading this strategy you look for 2 consecutive bullish or bearish bars. In case of a buy signal you will look for 2 consecutive bearish bars. The difference of the low and close of the current candle should be greater than the difference between the low and close of the previous candle.
In the same manner in case of a sell signal, you will look for at least 2 consecutive bullish bars. The difference between the high and close of the current candle should be greater than the high and close of the preceding candle.
You should read the 17 page PDF in which Michael Nurok explains the Price Flip Trading Strategy in much more greater detail. He also gives you a few live trade examples. After going through the 17 page PDF you will realize this is a simple price action based strategy that is solid. Michael Nurok gives a few more tips that you can use as filters in opening a buy/sell trade.
Price Flip Trading Strategy is a good example of a KISS Trading Strategy. KISS means Keep It Super Simple. Instead of looking for titanium coated expensive trading software, you should use simple trading strategies that work much more in the long run as compared to sophisticated trading software. Why? Because these trading strategies are based on solid price action principles that always work and will always work.
Just make sure that you follow strict risk and money management when trading. First focus on the risk and once you have managed the risk well, you can take profit. Your aim should be to make as much as possible with a small risk. Go for trades that give you reward to risk ratio of 5:1. This way you will see you will always make much more as compared to losing.