Thursday, January 28, 2010

28th 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)
6 FDAX Trades:
  • 2.45 am short
  • after 3.20 trend
  • short after 4.05 am (4.30 to 5.15 am sideways)
  • short after 6.00 am
  • long after 6.15 am
  • 8.30 news (= strong move, if sell-off long after 9 till 9.15, if rally short after 9)
  • long after 9.00 am
  • short after 9.30 am
  • long after 10.00 am (if there are news) to DT
  • after 10.15 short
  • after 12.00 long
  • after 14.15 long
6 Crude Oil Trades:
  • after 2:15 am trend
  • after 3:20 am trend
  • after 4.40 am trend (after 5.20 reverse)
  • after 6.30 am long
  • after 8 am short
  • after 9 am long
  • after 9.40 am short
  • 10.15 reverse
  • after 11:15 am long
  • after 12.00 short
  • after 12:50 long
  • 14:10 am short
Profit 40 Points MTP Manual DP System FDAX
Profit 30 Points MTP Manual DP System CL

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