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 5 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 Friday this usually means shorting.
In the morning we will see buying till 4.20 am then maybe a sell off and at the double bottom a short up trend that will be faded so that we can go long again before the 8.30 "news". Then after the 8.30 rally I am looking to go short into the US session, even though there are no news around 10 am today, I will be cautious as the typical volatility could happen as well on options expiration day. After 10 am we should be getting a longer lasting trend, that could reverse around 11.30 to 12.30.
Profit 150 Points MTP Manual DP System FDAX
Profit 205 Points MTP Manual DP System CL
Profit 8 Points MTP Manual DP System ES
Profit 00 Points Automatic Overbought & Oversold System FDAX
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