80-20 strategy from Street Smarts ; Short NZDUSD

This is a strategy from the book, 'Streetsmarts' developed by Taylor and adopted by Larry Connors
For sell signals on NZDUSD:
1. Y'days high is signal for short when market opened in bottom 20% daily range and closed in upper 20% range ( Fri)
2. Today the market must trade at least 5-15 pips higher than yesterday's high
3. An entry sell stop is placed at 2 ticks below yesterdays high, with stop above todays high for a lo risk trade ( but low probability = respecting trader's equation that low probability corresponds with low risk trades)
4. trail stop loss as moves into profit, This is a day trade only....

Trade chiuso: stop raggiunto:

no good kept rallying