High of the Day: Camarilla H3Morning Reversal: Yesterdays Close
Low of the Day: S2 or 1,618 Extension
Close of the Day:
Camarilla L4 or 50%
Profit 4,1 R optimized or
Loss 1,4 R trading all signals
What really worked out today was analyzing all my other strategies and finding out the key time zones in which entries generated the highest risk/reward ratio in the DAX market:
2.43 am to 3.13 am, 4.04 am to 4.40 am, 6.57 am to 8.40 am, 9.46 to 9.57 am and 11.25 to 12am.
With this knowledge and the fact that after the news release there was a sell off and there was a sell signal on the 60 min chart and the S&P had an oops sell setup (trading above prior days high before the open) gave me the confidence to sell short with all 3 systems/accounts. So I scalped down, let the daytrading 2 min setup trade short and entered the 60 min swing trading short setup at 9.46 am.
Entry Rules:
- This rule avoided getting in on the 4:24 am setup: Enter long one tick above the High of Prior Bar that has a higher high than the bar before
- Enter Short even if 50 EMA is not already below 200 EMA but time is after 9.45 am
- Trail long stop at the Prior Day High
- Trail short stop at the Prior Day Low
- Exit long on last long target reached
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