22th July Down, Up, Up, Down

High of the Day: Prior Day High or Camarilla H3
Low of the Day: 200 EMA (10 Min)

Profit 5,5 R optimized or
Profit 3,5 R trading all signals


Whenever a market opens above the close of yesterday and trades back to the close (in otherwords no breakaway gap ups) there is a good shorting opportunity. Keeping this in mind and seeing all long setups not being traded by the system, i decided to discretionary trade short in the morning.

What the system traded very good was the long DP setup at around 4:45 am.
What did not work so well was the US stock market open, as no long setup but a couple of wrong short setups occured. Discretionary I traded the GAP Fill on the E-Mini S&P...

Therefore one new entry rules to avoid choppy market action:

• Dont take new trades between 7:10 - 8:06 and between 9:30 - 9:40 on 2 min charts
  
• Dont take new trades during 7:10 and 8:30 on 10 min charts

What I also implemented from looking at the last short trades today was these exit rules:

• set stop to breakeven for short trades on new long setups
  
• use the high of new short setups as places to trail your stop for an already running short trade.