High of the Day: Camarilla H4Morning Reversal at: Camarilla H4 at 11 am
US Market Open Move ended at: R1/2
at 10.35 am
Low of the Day: R1Mid
Close of the Day: Camarilla H4
Profit 1,75 R optimized or
Loss -2 R trading all signals
Today I had the general trade plan that the DAX will rally in the morning and then top out for a reversal till US market opens, comparing days like the 22th of july showed me its always better to trail stops aggressively if there is a rally in the morning. Sadly my strategy does not have a re-entry logic, thats why I am doing this in the future: Terminating the Strategy with a profit in the morning around 6 am and letting it run on a demo account till it gets stopped out. Usually at around 9.30 I look for re-entry signals.
Entry Rules:
- Enter with a stop order 1 tick below the Low of last bar (this avoided today to get in short on the 8 am short signal prior to the news)
- Trail stop discretionary, when Zerolag Stochastic is above 90 in the morning
- Trail long stop with 3.3 ATR Trailing
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