SurpriseTrade, the 800 Simple Moving Average

Trading Spot Forex, Equities and Futures using "Long Term Moving Averages" as Support and Resistance. The strategy consist of breakouts from the 800 or 200 simple moving average (sma) Bollinger Band. Will take into account the 800sma, 200 sma, the 50 sma and recent high/lows as support and resistance. Reversal patterns "double bottom" or "double top" near a Bollinger Band will trigger a trade.

Saturday, March 5, 2011

Four SurpriseTrades this Week

A Series of SurpriseTrades ocurred this week. Traded some of them.
***Four Hours Eur/Gbp Chart upward breakout on Mar-3-2011 from the 200sma***

***Four Hours Cad/Jpy Chart upward breakout on Mar-2-2011 after Engulfing Pattern rejecting the 100sma***

***Four Hours Cad/Chf Chart downward breakout from 200sma on Mar-4-2011***

***Eight Hours Gbp/Cad Chart downward breakout from 100sma on Mar-3-2011 after Engulfing Pattern***

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.

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