04th November Wednesday

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 3 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.
   
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.

Today I am not making the same mistake like yesterday by looking at the chart of last wednesday, but instead I am read to trade the flux capacitor making low risk entries at every decision point and try to make only 3-5 trades. Not sure if its wise to let the trade run through the FOMC news after 14.15 but the direction for today is clear:
First down then up, chop before FOMC, an upmove and then short.

Profit 50 Points MTP Manual DP Flux Capacitor System FDAX
Profit 110 Points MTP Manual DP Flux Capacitor CL
Profit 8 Points MTP Manual DP System ES
Profit 0 Points Automatic Overbought & Oversold System FDAX

So I learned on the morning session that the blue readings on the powerzone can only be used as short trend if they make lower lows, so I quickly reversed my way of thinking and traded the long signals and some of the high potential short moves within the +-5 min time buffer.

In the US session I learned to get into trades after News releases as the direction is predicted by the flux its save to get into a long positions even if the price just dropped 20 points.