01st Week of August Sideways Trading

Monday

• Monday morning gap up, very quick gap fill and reverse
  
• Then a rally after US market opened, first 10 min signal target got missed by 4 points Conclusion: When prices rise too fast close the trades on the double top.
  

Tuesday

• The long signals in the morning where invalid because of falling momentum, so a better way to trade these signals is to check if zerolag smooth or mov goes up and if not take the trade but trail stop to breakeven after 5 min (this will avoid getting stop out like on the 27th of july)
  
• The last long setup overnight did work, however it would have been more profitable exiting at the 3rd target.
  

Wednesday

• No Setup, well the 4th target from tuesday was still valid so having entered on 5.00 am on stochastic divergence would have been a very profitable trade.
  

Thursday

• Short trade got stopped out on breakeven. Having used stochastic convergence as entry on 9.50 and the first target on friday would have meant another 50 points.
  

Friday

• 141 Points Long Trade was initiated by a dp buy setup, where I first had to wait till the news event to move the trade really in the desired direction.
• Reversing on the DP sell signal also payed out and exiting at the end of session was also a good thing as there was a new long setup on the last bar and we will see next monday if it was a valid one.