16th December Wednesday

Goals for today:

1. Trade according to my Plan with good feelings about the outcome.
2. Earn at least 40 FDAX Points by entering and exiting short and/or long trades on 1 min chart in the Decision Point Areas from the 3 Min Chart.
3. Earn at least 100 Crude Oil 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.

Wednesday Theme for the Stock Market:

Clear Base then Rally then Sell Off after the Spike up

5 FDAX Trades:

• 3 am long
• long after trendine break after 3.45 am
• long after trendine break after 6.30 am
• short after 8.20 after trendline break down
  
• long 9.30
  
• long after 10.30
  
• short after 11.30
  
• long after 13.45
  

3 Crude Oil Trades:

• 3 am long
• 9 am long
• 13.30 am short
  

Profit 70 Points MTP Manual DP System FDAX
Profit 130 Points MTP Manual DP System CL

I detected the pattern chance in the morning and traded the 2 additional moves up. Nevertheless after a double top there might now be a shorting opportunity, the method to use the trend line break as a confirmation is great! On the curde oil market the trendline method protected my from taking a short trade that I would have done in the past.

A thing to remember is to always let the trade from the crude oil news event at 10.30 am run till the close especially if you have a valid target (5th elliot wave target) like today.