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.

Monday, November 19, 2012

Stopped Out Chf/Jpy

The Chf/Jpy broke the SurpriseBox on the weekly chart down. The latter was out of a 200sma and 800sma area. Stopped out after a failure of the formation. 
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 post 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

Again, my heart and prayers go to the victims of SuperStorm Sandy on the East-Atlantic Coast. Wish for a prompt recovery from this massive natural disaster. 

Counter