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
- 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
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