Goals for today:
- Earn at least 40 Points by entering and exiting short and/or long trades on a 1 min FDAX chart inside a Decision Point Area projected from the highs and lows from the 3 Min Chart.
- Earn at least 100 Points by entering and exiting short and/or long trades on a 1 min CL chart inside a Decision Point Area projected from the highs and lows from the 5 Min Chart.
- Earn at least 10 Points by entering and exiting short and/or long trades on a 5 min ES chart inside a Decision Point Area projected from the highs and lows from the 5 Min Chart.
- Don't make anymore trades once the profits are cashed in.
Determine trend, entry and exit points, times where I have to make a decision.
On Monday this usually means entering a crude oil trade after 7.30 and reversing or going flat after 9 am to 14 am. On the FDAX entering at the 3 am open and holding till the correction that should start from 6 to 8 am and after 9 am a bullish trend, closing the trade after 10 am, reversing only if Risk Reward Ratio is high.
Profit 240 Points MTP Manual DP System FDAX
Profit 180 Points MTP Manual DP System CL
Profit 7 Points MTP Manual DP System ES
Profit 0 Points Automatic Overbought & Oversold System FDAX
We had a downtrend at the 3 am open, so the long positon soon got stopped out by a valid short entry for a gap fill trade, from then I kept playing the signals. I have to avoid looking at the flux capacitor indicator as a solid system, its just a guide + - 30 minutes it gives good predictions, but using the actual blue and red bars in DP areas is the key to success.
