Monday, July 27, 2009

27th July Down, Up, Down, Side

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

Profit 8,3R optimized or
Loss -7,2R trading all signals

Today was a nice gap up that the strategy shorted and then went long to catch the double top.

Entry Rules:
  • Don't take long trades till 4 am if the gap is not closed
  • Don't take short trades below Camarilla L3 but do take them below Camarilla L4 Level
Exit Rules:
  • Trail Stops on new short setups
  • Place Stop below the bar that reached the High of yesterday.
  • Exit Short Trades on new Long DP Setups
  • Exit DP Long Trades if the Target has been reached and a strong up trend is in place
  • Exit all Trades at the end of the session

No comments:

Post a Comment