Friday, November 27, 2009

27th November Friday





Goals for today:
  1. 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.
  2. 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.
  3. 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.
  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 Friday this usually means shorting. But since we are already gap down we might see first a bounce up and then another sell to stop the downtrend at a double / tripple or even quadruble bottom. Going long at 3 am till 4:15 to 5 am seams reasonable, then at a hook reversal or double top I am looking forward to go short till at least 7 am.

Profit 180 Points MTP Manual DP System FDAX
Profit 150 Points MTP Manual DP System CL
Profit 22 Points MTP Manual DP System ES
Profit 00 Points Automatic Overbought & Oversold System FDAX

Looking forward to combine swing moves next week, fridays patterns making a decision to go long or short at 7 am then selling upmove after 8:30 going long again the 9.30 open and from then hold till 11 am.

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