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, August 18, 2012

The Best SurpriseTrades of the Year

The first "Best SurpriseTrade" of the Year trade will be the Nzd/Jpy just competed this week. This pair had made a brake to the upside of the 200sma SurpriseBox on August 15 when looking at the four hour chart. This brake was out of a "double bottom formation". Target was set near the 800sma (purple line) and was hit with a profit. 

Below will find the chart of again, another "double bottom" on June 5. The Nzd/Usd formed a SurpriseBox out of the 800sma. The target was set at the 200sma that was hit 9 trading days thereafter

Next among the "Best SurpriseTrade" is a brake of the Chf/Jpy 200sma and 800sma SurpriseBox to the downside. On May 6, this pair broke the Box with a gap on the daily chart. Formed a classic "head and shoulders pattern" that was completed by the end of the month.

Below is depicted the four hour chart of the Eur/Usd. On Feb 29 it formed a "double top" braking the 800sma SurpriseBox. Target was set to be the 200sma, wich was hit on Mar 5.

The last of the "Best SurpriseTrade" of the Year involves the Aud/Jpy. The pair formed a "double bottom" formation out of the 50sma SurpriseBox. The trade was taken due to the perfect formation after the initial run-up from the 800sma that started in January. Brake of the box was in Feb 1 and target was hit on Feb 7.
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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