Monday, August 17, 2009

17th Monday Down, Up, Down, Side



High of the Day: Open or Prior Day Low
Morning Reversal at: S2 at 4.15 am
US Market Open Move ended at: S2 at 9.45 am
Low of the Day: S2
Close of the Day: S2

Profit 4,3 R optimized or
Loss -3,3 R trading all signals

Same as every monday morning I was expecting the trend from last friday to continue. The last target from the 30 Min Chart got hit, I made the mistake to go long too early next time I will wait till 8 am for the new buyers to come in. Anyway the short just before US market open was successful. But then the choppy trading period came, but the rule to dont take long setups below camarilla L4 payed off.

Tradelist

Setup Rules:
  • Don't take long signals below camarilla L4.

Exit Rules:

  • Trail short stop when price goes through S1 and S2 pivot

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