Wednesday, January 20, 2010

20th January 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:
  • after 3.00 long
  • after 4.30 short
  • after 5.00 long
  • after 6.15 short
  • after 7.20 after trendline break long
  • after 8.00 short
  • choppy action (long after 9.00, or 9.30 in 1 min dp area, after double top short
  • after 10.00 short
  • after 10.35 trend
  • after 12.00 long
5 Crude Oil Trades:
  • after 3.00 long
  • after 4.30 short
  • after 8.00 long
  • 9.05 reverse
  • 10.30 short scalp (news)
  • 10.54 long till 12.45
  • after 13.30 long
  • after 13.50 short
Profit 40 Points MTP Manual DP System FDAX
Profit 30 Points MTP Manual DP System CL

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