07th December Monday

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 3 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 Monday this usually means entering a crude oil trade after 7.30 and reversing or going flat after 9 am to 14 am.

On the FDAX entering at the 3 am open and holding till the correction that should start from 3.45 am to 6 am (expect the DAX to go to the DP area from friday evenings swing low not below fridays low that would be too bearish for a monday) and after 9 am a bullish trend, closing the trade after 9.55 am, reversing only if Risk Reward Ratio is high.

Profit 21 Points MTP Manual DP System FDAX
Profit 65 Points MTP Manual DP System CL
Profit 0 Points MTP Manual DP System ES

I learned in the morning that I also makes sense to short Crude Oil once the sundays low is broken and on the FDAX there are only 2 profitable moves if there are no news events on monday its the long at the 9.30 open and then the short to fade the upmove, making more trades simply just makes me lose all the gained points, so tomorrow I will stick to my plan an only trade the most profitable moves.