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.

Wednesday, February 8, 2012

Aud/Jpy 800sma SurpriseBox Trade Daily

The Aud/Jpy pair that we just traded last week has brought another opportunity. The pair had broken the 800sma SurpriseBox on the daily chart. The 800sma brake is a pure SurpriseTrade. In addition, this box forms a inverted head and shoulders and the brake might consist of the neck brake. I reentered the trade to the long side.
Stop  81.84
Target  86.00
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 SurpriseTrade@gmail.com



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