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First day of the journal.
Since my signals do not occur on each trading day on each symbol. ( FDAX, ES, GC, CL, EUR )
They are traded on a first come first serve basis.
Today CL2:
Short Signal with open of bar (15:00 GMT) filled at 77,04
Short trailed to 76,06 at (15:30 GMT)
16:00 Position closed at 76,07.
Itīs my definition of the Ross-Hook.
Rougher than finding a breakout it looks for possible countertrends.
I use the open of the next bar as a confirmation of the setup, therefore the call yesterday evening
followed by the trade this morning.
It works on all timeframes down two 1min.
As a stop I simply trail the previous high / low.
Locust
PS: Showed it to Joe and he does not like it, so itīs just a "HOOK"
GC turned out be to golden, did not expect such a quick move.
Would be possible to reenter the short if market turns down again,
but since my indicators are bullish medium / longterm lets wait and see.
The same Trade Setup like yesterday.
Long - Signal + Open within Range.
Long at 75,58.
Stop at low of last bar: 75,70 trailing.
Position: long.
Locust
PS:
Fighting with myself to take the money off the table, but it normally pays to stick to your system,
rougher than resisting temptation and to interfere just because you have gut feeling.