03th Monday Up, Up, Up, Side

High of the Day: 1,618 Extension
Morning Reversal: R2
Low of the Day: Camarilla L3
Close of the Day: R2 or 200 EMA

Profit 1,57 R optimized or
Loss -0,5 R trading all signals

On the first day of the month I was very bullish and it paid off to chase the remaining targets from the 2 min setup from last friday. Simply entering on supertrend indicator color change catched most of the up move. The after the news got released everyone closed the long positions and sideways trading started.

Setups Rules:

• Long Setup on 5:32 am avoided because the low of last bar has to be below the 34 SMA line for a valid long setup.
  
• Short Setup on 8:32 am avoided because the 50 ema was not below the 200 ema and was also no extreme overbought condition in which the prices go down (stochastics > 70 and elliot osciallator going down)
• Long Setup on 11 am avoided because TS4 setup (counter-trend) don't work very good above camarilla H4 (breakout day situation)
  

Exit Rules:

• Exit on long last bar +25 Points, we had this situation a couple of times last month that news create a breakout of more than 25 points on 2 min bars, so the strategy simple exit with a limit order that is updated every bar.