Wednesday, December 30, 2009

30th 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

7 FDAX Trades:
  • 3.00 long
  • after 3.15 short
  • after 5.00 trend entry
  • 6.15 to 7.45 bullish (enter after 7.30 to avoid chop)
  • short after 7.45 after trendline break down
  • strong move and reversal (long after 9.00, after 9.40 short)
  • long after 10.30
5 Crude Oil Trades:
  • 5.00 short
  • 7.30 long (3 up moves each after trendline break) till 10.30
  • 10.54 long
  • 13.45 long
  • 14.15 short
Profit 30 Points MTP Manual DP System FDAX
Profit 15 Points MTP Manual DP System CL

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