30th October Friday

Goals for today:

1. Earn at least 40 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.
2. Earn at least 100 Points by entering and exiting short and/or long trades on a 1 Min Chart in a Decision Point Area from the 5 Min Chart.
   
3. Earn at least 10 Points by entering and exiting short and/or long trades on 5 min ES chart in a Decision Point Area with 2 contracts.
   
4. Don't make anymore trades once the profits are cashed in.

Plan to archive these goals:
Determine trend, entry and exit points, times where I have to make a decision.

Like last Friday my plan is to go short in the early morning after a double top, cash in some profits before the 8:30 am news and go short again after the 9:55 news (due to volatility a low risk entry must be found) looking forward to close my positions at the end of the session.

Profit 0 Points MTP Manual DP System FDAX
Profit 0 Points MTP Manual DP System CL
Profit 0 Points MTP Manual DP System ES
Profit -20 Points Automatic Overbought & Oversold System FDAX

I learned to focus on low risk entries not trying to chase breakout point, expecting prices to retrace 110% before they continue moving in the primary direction. Being in a position before volatility areas (or closing the trade and re-enter with higher risk). I also learned once again that there are no magical indicator (like the flux capacitor that might work in sideways but not trending markets). Last but not least its best to rely on myself and the method that I am using to always trade every day profitable: Sell below a red 1 min bar in a 5 min DP area. Vise versa for longs.