01st Thursday

High of the Day: Prior Day Open
Morning Reversal at: Prior Day Open at 3.36 am
US Market Open Move ended at: S2 at 11.10 am
Low of the Day: S2
Close of the Day: S2

Profit 110 Points Overbought & Oversold System
Profit 185 Points MTP Manual DP System

Tomorrow is non-farm payrolls so this afternoon should be pretty quite, so like everyday i am looking for at least 1 good short and 1 good long trade. I am looking for a break above 5700 to go long or a drop below 5670 to go short after the open. Then the 5725 Areas seams to be the ideal shorting point as dailytrend line and manual dp would meet at this spot. If not i am looking for long continuation till the weekly high at 5755 and then for a shorting opportunity.

Using the DP Reversal Method made it possible for me to get in at 3.05 am with a risk of 3 points, all the way up to 5724,5 where I reversed short. In the usuall choppy session after 4 am started, I learned to better use 1 min instead of 30 sec. charts to avoid taking too many reversal trades. Now price should go all the way down to 5670 and then we will see if the double bottom holds or if we get a continuation short situation.

We did get a classic double bottom which was perfectly trade able using the reversal and continuation method on the manual DP area. So all in all 65 point in the morning.

During the US Session high volatility and the DP method made it possible for me to catch most of the points with risking only in average 6 points per trade, long or short trade did not matter I took every trade that had a low risk/reward ratio.