DislikedThat's probably the most difficult concept to learn in the rules... the meaning of reverse, reversal, and in which situations they apply.
When we say "reverse" a trade, it reffers to when you're long and have a signal to go short (or the opposite);
The "reversal" bar is the one that follows the setup bar and has triggered the new order;
A "failed reversal" bar is the one that triggered the new order, but then got stopped, leaving you out of trades;
A bar after a setup bar that didn't activate the reverse trade is not a proper reversal...Ignored
I think the most confusing aspect for people who first read these rules is the fact the reversal bar is called "the reversal bar" and then we have the "reversal trade" which sometimes has nothing to do with a reversal bar haha But naturally because it is called a reversal trade people think it's the one triggered by the reversal bar, well that is how I was getting confused at first.
If what we know now as the reversal bar was called a totally different name from the start like "The trigger bar" or something like that I bet people would understand much more clearly from the get go-
But in the end in a week or two you get it and it wouldn't be wise to change it now we all know it as a reversal bar!
Thanks to sterling and others I believe I have the system completely down in my brain now, I've temporarily moved away from the Alpari demo and now trying on another broker which is 1 hour ahead of Alpari, just to test as I'll most likely go live with it on that.
Still keeping my eye on an Alpari demo though just to keep check on where everyone one is up to.