Wednesday, December 23, 2009

23th 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:
  • 3.00 long
  • 2nd long after 3.25
  • 5.00 to 6.00 or 7.00 trend
  • short after 8.20 after trendline break down
  • strong move and reversal (long after 9.00, after 9.40 short)
  • long after 10.30
  • trend after 11.00 till 11.45
  • long after 13.45
5 Crude Oil Trades:
  • 3.00 long
  • 5.00 to 6.00 or 7.00 trend
  • short after 8.20 after trendline break down
  • 9.00 long
  • after 11.00 looking for short setups
  • 13.30 short
Profit 30 Points MTP Manual DP System FDAX
Profit 50 Points MTP Manual DP System CL

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