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, September 26, 2012

Shaken out of the Market on Aud/Usd

The Aud/Usd had made a brake to the downside of the four hours 200sma SurpriseBox. This brake was out of a head and shoulders pattern. I had shorted the pair but was stopped out when the price moved above the right shoulder. It looks clearly now that I was effectively "shaken out by the market" as the price is moving toward the target after I liquidated. 
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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