29th Tuesday Down, Up, Down, Side

High of the Day: Prior Day High
Morning Reversal at: Weekly R1 at 5.24 am
US Market Open Move ended at: Prior Day Highat 9.58 am
Low of the Day: Weekly R1
Close of the Day: 200 EMA

Profit 40 Points Overbought & Oversold System
Profit 71 Points eASCTrend & ART Trading System

In the morning as expected we had a correction from yesterdays massive rally. So the Overbought System did not trade short since CMO indicator was not above 50 at the open, after 5 am the indicator was below -50 this triggered a long trade, the optimal exit would have been the manual DP target from the 5 min chart.

The scalping system in the morning generated lots of breakeven trades especially with these rules that prevents the system to take the wrong trades in choppy market conditions:

• Don't go short if the Polygonal Moving Average is above 200 EMA
  
• Don't go long if the Polygonal Moving Average is below 200 EMA
  (exception to above rule is a wide range bar for the DAX over 10 Points, so after news I enter directly not waiting for a moving average to cross the 200 EMA line)
  
  
• Trail short stop to Breakeven if last bars High was below the Entry Price
• Trail long stop to Breakeven if last bars Low was above the Entry Price