High of the Day: Camarilla H3Morning Reversal: Prior Day Low
Low of the Day: S2
Profit 4,20 R optimized or
Profit 3,10 R trading all signals
Like yesterday and the day before yesterday we had today the same market behaviour: In the morning a rally (which the strategy traded perfectly), then a sell off before and after the news.
Today was in particular a heavy sell off with almost no regular retracements therefore only one valid short setup got traded by the strategy.
The setup rules for today had one specific thing to strong sell off days:
- First of all I don't allow the strategy to take any more short trades after 12 am
- Long Setups under Camarilla L4 are normally also forbidden but after 1 pm its fine to trade them as there is most of the time a correction up after a strong sell off
The exit rules today where pretty common:
- Set breakeven stop +2 points after 20 points profit, but at least 4 bars after entry
- Trail long stop on Camarilla L3 Pivot
- During the News Period 8:00 am to 9:30 place breakeven stop if the close is above the entry price (very aggressive trailing, due to the time of day where either rallies because of news or corrections before the open happen)
- Trail short stops on the High of new Short Setup Bars
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