Friday, January 8, 2010

08th 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:
  • 2.50 am long (3 waves)
  • 5.50 am short (if overbought)
  • short after 8.30 am
  • long after 9.30 am
  • after 10.20 am short after a double top (with void, so it can be shorted with low risk)
    2nd short entry after 11 am till 11.30 am.
  • long trend after 11.50am till 15.40
5 Crude Oil Trades:
  • 1.15 am long
  • 2.45 am short
  • after 8.55 am long till 10.20 am
  • 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

Conclusion Strategy is still working 100% all I have to do is excecute it: Going long above blue bar in DP area or short below red bar in DP area, only when it looks like choppy trading action looking at the flux capacitor or using trendline can help me to get more preciser entries.

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