26th Wednesday Up, Down, Up, Side

High of the Day: Prior Day High
Morning Reversal at: Camarilla H3 at 4.0 am
US Market Open Move ended at:
at 9.54a am
Low of the Day: Camarilla L3
Close of the Day: Prior Day Close

Loss -6,5 Points Elliot Wave
Profit 86 Points ART Method

Before the 4 am news we had a small uptrend, with many countertrend short signals, I learned to ignore them if a market is making new lows every 2nd bar. Nevertheless the re-entry long on 3.42 worked out and I was glad that I was not greedy today and exited the scalp trade before the news came out. All in all 40 points in the morning session using the ART Trading Method.

Later we had a nice downtrend in the crude oil market and the news event that pushed the prices up and straight down again, all in all 96 points. The DAX bounced off Camarilla L3 line at the time when the S&P hit the S1 Pivot, the end of the rally was clearly visible for me as there where 3 swings up and the up trend was broken, so in total another 36 points in the bank.

Tradelist

Exit Rules:

• Only one good exit at the 3rd elliot wave short target today, this confirms that scalping the market not having a specific target is always the best method.