23th July

High of the Day: End of Session
Low of the Day: PP

Profit 17,5 R optimized or
Profit 13,5 R trading all signals

Typical for News days was today the consolidation in the morning, after the gap fill the strategy traded short at 5:12 am after the short signal.

Normally I would trail stops after new short setups but there is one exception to this rule:

• Exit Rule: Trail stops on new short setups but only it the price is below 50% of prior days range or time is after 7 am

Nevertheless the positive news created a massive rally luckily with long setups prior to the move up. On Spike up's usually happening on 8:30 am the strategy used this exit rule:

• Exit on Profit Target Last Bar's Close + 25 Points

On the last trade this exit rules were used:

• Trail Stop to the Low of the Bar that reached the Daily Fibonacci Target (Low of today +1.618 times prior days range)
• After the long profittarget 2500 EUR trail stop 12 ticks below the Low of last bar (but like all trailing methods dont do this after 13 am)
  
• ATR Trailing with 3.3 periods after 70 ticks profit
  

To avoid choppy markets after a big rally in general this setup rules are used:

• Stop trading for today if a profit of 3400 EUR or a loss of 650 EUR have been realized after the last trade was closed.