Thursday, February 11, 2010

11th February 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.
2 FDAX Trades (Amazing today is the 9th trading day of the month and like I wrote last saturday we have indeed a gap up, this could mean against the bearish trend that usually is on thursday we might see a positive close, anyway I am ready to go long after the 8.30 am and 10 am news):
  • 2.30 am - 4.15 am short till 6.00 - 6.10
  • 5.55 am - 6.20 am trend
  • 7.15 am - 8.30 am short
  • if oversold 9 am long
  • 9.30 am short
  • after 10.00 trend (if short trend then till 11.45 am)

2 Crude Oil Trades:
  • 3 am short
  • after 4.40 am - 5.30 am trend
  • after 7.55 am - 9.45 am short till 11.15 - 11.45
  • after 13 long
Profit 40 Points MTP Manual DP System FDAX
Profit 100 Points MTP Manual DP System CL

Note: Today was especially interessting to trade because of this creek press conference everybody was looking forward to, so after 11 am once the EURUSD hit the 3rd target, stock indicies and crude oil also rallied.

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