20th July Up, Side, Down, Up

High of the Day: R2
Low of the Day: Prior Day Open

Profit 1 R optimized or
Profit 2,5 R trading all signals


Today was very challenging with just one good long signal in the morning happening after the market created a double bottom base, later the market got very choppy so I decided to do not trade the US session but letting the short setup on the 10 Min Chart run..

Some specific rules the strategy used to avoid getting into too much trades:

• Entry Rule: Its always best to enter on the High of last bar +2Ticks, notice this morning on 3:52 the setup was not traded because the setup bars with the blue background color could not break above the previous bar +2Ticks
• Setup Rule: As a good guideline do not take trades above Camarilla H4 level in the morning, as there will be first a correction before the US stock market opens and then maybe the trend continues...
  
• Exit Rule: Before the US stock market opens there are sometimes very explosive moves (especially after 8.30 news) but sometimes like today choppy moves, in that case I move the stop to breakeven as soon as we have a close above the entry price.