Friday, January 15, 2010

15th January Friday





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.

Fridays Theme for the Stock Market:
Rally into the 8.30 News then Sell off the Overbought Market.

7 FDAX Trades:
  • after 2.45 am short
  • 3.15 am long
  • after 3.50 to 7 am short (if overbought)
  • 5.10 am long, 6.05 am long
  • after 6.30 short
  • short after 8.30 am
  • long after 9.10 am
  • after 9.35 short or after 9.45 long trend till 10.10
  • after 10.25 look for double top to go short
  • after 10.45 am look for double bottom to go long
  • 11.20 till 11.40 short
  • after 15.00 long
5 Crude Oil Trades:
  • 1.15 am long
  • after 2.10 am short till 6.05
  • after 6.05 long
  • 8.30 short
  • 8.35 long
  • after 8.55 am short
  • 9.10 am long till 9.30
  • after 9.30 am short
  • after 11.30 am long
  • after 13.30 am short
Profit 75 Points MTP Manual DP System FDAX
Profit 70 Points MTP Manual DP System CL

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