04th Tuesday

High of the Day: Yesterdays Close
Morning Reversal: 3 am Open
Low of the Day: S1/2
Close of the Day: Yesterdays Close


Profit 1,5 R optimized or
Loss -8 R trading all signals

In the morning I was not sure if there would be a gap fill and a potential double top rally in the morning, then stochastic made a divergence signal to the downside and also VPA Analysis showed clearly more seller than buyers so I shorted down to the 200 EMA line (10 Min), which was also the 3rd target of yesterdays short setup.

Entry Rules:

• To avoid going long in a falling market this simple rule avoids risky entries: If High[3] > High[2] & High[2] > High[1] & High[1] > High[0] cancle the command to go long with a stop order above prior bars high.
• After a DP setup the strategy needs to wait 3 bars before using the entry rules to get into a long trade.
• After a long trade wait 3 bars for another long entry, and after a short trade wait 3 bars for another short entry.
  

Exit Rules:

• Exit at final target but not for TS4 and DP long setup
• Don't exit on countertrend DP setup only if they are above camarilla H3
  

Besides that I learned to not take another long trade if the previous one had just been stopped out with ATR trailing