Wednesday, November 11, 2009

11th 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 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.

In the morning we see some up moves and then starting from around 6:30 to 7:30 some profit taking after the double top, then again rising prices till at least 8:50. The big down move should start like last wednesday around 10:30.

Profit 160 Points MTP Manual DP System FDAX
Profit 300 Points MTP Manual DP System CL
Profit 10 Points MTP Manual DP System ES
Profit 0 Points Automatic Overbought & Oversold System FDAX

The high of the day prediction worked out very well, looking at the flux capacitor the DAX should have like crude oil and the S&P stayed below the 200 EMA and not make such a strong bounce up, but I guess its because S&P made new highs the DAX wants to catch up.

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