Ride 'Em Cowboy

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This was a great example of riding the surprise box trade to it’s full potential (with only one lot).  I’m working on how to make this trade more profitable, but I was satisfied with how this one turned out.

Short 1 (400 units) EURCHF @ 5257
Stop @ 5353 (-96)
Limit @ 4280 (+977)

Bounce off of bottom of Surprise box.  This pair started to consolidate around the 800 SMA and I drew the customary

Surprise box.  I liked the look of this one from the beginning.  I got to the party a little late, but the market was doing a nice bounce off the bottom of the box (which is my favorite entry for this trade) .

Click above for larger image

I ended up moving my stop several times, always slightly above the 200 EMA as the market moved down:

———————-
Stop moved to 5298 (-41)
———————-
Stop moved to 5249 (+8)
———————-
Stop moved to 5220 (+37)
———————-
Stop moved to 5182 (+75)
———————-
Stop moved to 5120 (+137)
———————–
Stop moved to 5050 (+207)
———————–
Stop moved to 5020 (+237)
———————–
Stop moved to 4980 (+277)

Then I got stopped out at the last level which turned out to be slightly better than wating for price to close above the 62 EMA, the exit signal for the trade.

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