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.

Thursday, June 7, 2012

Nzd/Usd Double Bottom

The NZD/USD broke the 800sma daily SurpriseBox to the upside. This formed a "double bottom" on the low end of the box. Traded long with target near 79.72 corresponding to the 200sma that serves as resistance.The stop was placed at the bottom of the box near 0.7493. 

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

QR Code Kimtag
Posted by at

Counter