Monday, November 16, 2009

16th 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.

On Monday this usually means rally at the open then consolidation and another rally after US market opens.

Starting with a gap up we might see some sideways action, with some up pushes in the morning. Looking forward to see the price consolidated in the DP area so we can trade higher after the US news events 8.30 and 10 am.

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

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