This was quite disappointing... the market dipped below the lower band to trigger my short but it didn't stay there long. It shot up, took out my stop at 50 pips away and trigger the long. The long got me my 30 pips but it flew 60 pips in total. -50 and +30 = -20 pips for the day...
I don't tend to trade Bank Holidays as volumes are low and traders are generally off taking long weekends. These are times when the markets can do funny things. I didn't trade today but in hindsight, our system would have worked and bagged our 30 pips. For reference, here is the chart, the upper line is at 14493 and the lower at 14444. The market hits a high of 14550 which is almost 100 pips.
Today the markets moved exactly to cut out both my long and short trade with such efficiency, it makes you wonder if they were waiting for you! Anyway, the two trade areas were 14395 and 14351. The long came first and practically immediately reverse at 144400.. I did think that this is a whole number and these are usually areas of resistance or support. The market reversed enough to hit my stop which was also my entry for the short... it went 20 pips and then reversed and took out the long.
