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 26, 2011

This Week trades and the Future

This week trades and next week procpectus is as follows:
  1. Monday started with a bullish engulfing pattern from the 100 sma in the Eur/Sek three hour chart. At the same time a bullish engulfing pattern out of the 200 sma when the pair was seen in the 8 hour chart (see number 4 in chart below).
  2. This pair completed the trade when reached the 50 sma resistance(see above).
  3. A bearish brake of the 50 sma SurpriseBox to the downside was traded from the recoil. The target, down again at the 100 sma did not complete and I got out on a time-stop when the pattern failed to progress.
  4. Thursday, the Eur/Jpy broke the upper part of the 3h 200 sma SurpriseBox with a engulfing pattern that completed the target of 115.00, recent high (see below).

  1. For the next several weeks will be watching the Nzd and Aud. Both currencies shows strength when evaluated in the weekly charts (example GBP/AUD and Nzd/Usd below). Also the long term bearish position in the Gbp/Cad and Gbp/Chf seems to be recurring.
    2. 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. By Andres Britt-Larregui, SurpriseTrade@gmail.com


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