Goals for today:
- Earn at least 5 Points by entering and exiting short and/or long trades on 1 min FDAX chart in a Decision Point Area from the 5 Min Chart.
- Earn at least 15 Points by entering and exiting short and/or long trades on a 1 min CL chart in a Decision Point Area from the 5 Min Chart.
- Earn at least 2 Points by entering and exiting short and/or long trades on 5 min ES chart in a Decision Point Area
- Don't make anymore trades once the profits are cashed in.
We have a situation that the DAX has to find support in the 5750 area on the 5 min chart or continue trading lower. However the 10 Min Charts suggest trading down to 5725 area, anyway looks like there are some points left on the short side before we bounce back up.
Daily charts nevertheless suggest the correction down might do all the way down to 5380, not in one day of course but 2-3 big short selling days and we could be there.
On such days its better to just use the 5 min charts, as there are no trends developing its better to stay out of the chop and accept that double tops build a resistance, so aiming for goals in decision areas ist not so clever after the US market opened.
Profit 60 Points MTP Manual DP System FDAX
Profit 120 Points MTP Manual DP System CL
Profit 9 Points MTP Manual DP System ES
Profit 90 Points Automatic Overbought & Oversold System FDAX
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