Thursday, January 7, 2010

07th January Thursday






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.

Thursdays Theme for the Stock Market:
Double top or bottom then sell off or rally (trending day)
5 FDAX Trades:
  • 2.45 am short
  • 3.00 am long, 2nd entry 3.18 am
  • short after 3.30 am
  • long after 5.00 am, 2nd entry 6.15 am (after news)
  • short after 9.40 am
  • long after 10.00 am
6 Crude Oil Trades:
  • after 2:15 am trend
  • after 3:10 am trend (with bullish phase 4.00 till 4.45)
  • after 6.30 am short (bearish phase starting 5.15)
  • after 8.00 am long
  • after 9.30 am short
  • 10:25 am long
  • 11:00 am short (new)
  • 14:10 am short
Profit 40 Points MTP Manual DP System FDAX
Profit 30 Points MTP Manual DP System CL

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