Monday, November 9, 2009

09th November Monday










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.

We have a continuation long trade in the morning because the price got above a blue bar in the 5 min decision point area, so looking forward for the FDAX to reach at least 5585. Same for Crude Oil which should at least get up to 79,23.

For the openings at 3 am and 9.30 the flux capacitor forecasts small dips then a strong up move followed by a sell off and then a longer lasting uptrend.

Profit 42 Points MTP Manual DP System FDAX
Profit 105 Points MTP Manual DP System CL
Profit 8 Points MTP Manual DP System ES
Profit 40 Points Automatic Overbought & Oversold System FDAX

I was again confused seeing blue color on the powerzone indictor, in an uptrend this however means just a pause not an opportunity to sell, especially if the blue bars on the oscillator dont make lower lows.

The US market was pretty much long only, with the same pause after the two strong up moves than we had in the morning.

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