FEW River Ride: USDCHF Entry

Tuesday, August 17, 2010

USDCHF Entry

USDCHF short

Date: 8/16/10 @ 4:00AM PST

Entry price: 1.0411

Stop loss: 1.0670

Next signif (long term) Support: 1.0125-1.0200

Notes:

Weekly(W1), Daily(D1), 4 Hour (H4) below river
H4 candle body close below river
H4 5EMA crossed 50 EMA
Daily ATR = 130pips
Stop Loss approx 2x ATR

No comments:

River Trading Plan

River Excursions Test

* 5/12 Creek must come out of the 50/100 River.
* Must have one candle’s Open/Close completely out of the Creek.
* Entry on the day after that; entry price the open
* Entry test on: BOTH 5 and 12 leaving the river
* OR just the 5 leaving the river
* Exit test when the price touches the 12, the Creek Shoreline
o
+ Or, Exit when the 5/12 Cross
+ Or, Stop Loss 200 pips
+ Or, Stop Loss at 2x ATR

ENTRY EXAMPLES:

1. Just the 5 Leaves the River OR

2. Both the 5/12 Leave the River

One candle open/close after above, THEN enter

EXIT EXAMPLES:

1. The price touches the 12, Creek Shoreline

2. The 5 and the 12 Cross

3. The Price touches the River

Note: I believe this is a 4 hour candlestick timeframe

FEW River Ride

Trade postings

Tuesday, August 17, 2010

USDCHF Entry

No comments:

Post a Comment