Monday, December 14, 2009

14th December Monday





Goals for today:
  1. Trade according to my Plan with good feelings about the outcome.
  2. Earn at least 40 Points by entering and exiting short and/or long trades on 1 min FDAX chart in the Decision Point Areas from the 3 Min Chart.
  3. Earn at least 100 Points by entering and exiting short and/or long trades on a 1 Min Chart in the Decision Point Areas 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 and trade my plan with a live account without hesitation.

Mondays Theme for the Stock Market:
Short 3 am then Long and after 9.30 Long then Short

4 FDAX Trades:
  • 2.50 am short till 4 am or trendline break
  • after 3.30 am long after trendline break
  • 5.30 am short
  • 9.30 am till 10 am long
  • 9.54 am short
  • 11.10 am long
3 Crude Oil Trades:
  • On the crude oil market 3 am to 4 am trend and
  • 8.45 to 10.30 am trend
  • sell off at the closing hour (13.30 to 14.30)

Profit 30 Points MTP Manual DP System FDAX
Profit 80 Points MTP Manual DP System CL
Today was like the gap up day on the 3rd December first the move down to the 200 ema line on the 3 min FDAY then a rally after 9.30 open and a sell off till 10.30 then sideways. So I learned if the market can not trade higher after 3.10 am its valid to look only for short setups till the 200 ema line is reached.

No comments:

Post a Comment