30th July Down, Up, Up, Down

High of the Day: Camarilla H4
Morning Reversal: 200 EMA (10 Min)
Low of the Day: 200 EMA (10 Min)

Profit 2,32 R optimized or
Profit 3,36 R trading all signals

Today was a very trending day, the sell off in the morning was immediately faded so that it was very obvious that we would have also a bullish US session.

What was interesting when comparing 10 min and 2 min long signals first the 10 min got stopped out in the morning but there where still some targets left, then the price went down to the 200 ema line and then traded up again. The same thing happend for the 2 min signal at 6 am it got stopped out and then the price traded down to 200 and then priced continued up to reach the targets.

I will use this experience as an opportunity to keep in the future the targets in mind and use other entry methods to get all of them even though the original trade got already stopped out.

Anyway these where the setup rules:

• Remember we where saying don't short on strong trends (elliot osciallator > 10) or don't short if the 50 ema is not below the 200 ema, well all of this obviously is not needed on counter trend DP signals, so almost all of them will be traded
• There was a signal on 9:30 but this one was not traded because the low as not below the 34 SMA, so it was overbought and like many times in the past would have generated a loosing trade.

Exit Rules:

• On 15:30 the market usually decides if there we will be a really or a sell off before the close, as there was no clear sign that today will be a rally before the close the strategy automatically closes trails stops to the swing low point.