High of the Day: R1
Morning Reversal at: R1 at 3.36 am
US Market Open Move ended at: R1
at 11.15am
Low of the Day: R1mid
Close of the Day: Prior Day High
Profit 7 R optimized or
Profit 0,5 R trading all signals
In morning the DAX traded after a 50% gap fill higher (the typical monday morning trend continuation). A nice scalping signal occurred on the 2 min chart on 3:18, usually I only trade these signals one the 1 min chart, but I backtested the 2 min signals and they seam to work just as good as the 1 min ones. For additional confirmation if the trend is strong enough I added the Easctrend indicator, now I think my scalping method is almost perfect as I am getting all low risk entries and the exit at the high or low of the day.
Tradelist
Exit Rules:
- Trail stop when price goes above Camarilla H3
- Exit long on the final target (200% extension of prior swing)
- Trail short stop when price goes below prior day high
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