Friday, February 12, 2010

12th February 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.

3-5 FDAX Trades: (10th trading day of the month seams to be a short day with a potential rally at then end)
  • 3.05 am short
  • 4.10 am short
  • 5.30 am - 7 am long (on trendline break otherwise hold short till after the 8.30 news)
  • 8.30 am trend
  • 9.00 am - 9.30 am trend till 15.30 (on low volatility) or 10.05 - 10.30 am
  • after 10.45 am trend till 11.45 am (long till 12.30)
  • 12.30 short till 14.00
  • 14.00 am long
3 Crude Oil Trades:
  • 4:55 am trend
  • 9 am long (or 8.30 if news)
  • 9.00 am - 9.30 am short till 10.05 am - 10.20 am
  • 11.00 am - 11.40 am trend till 11.45 am (long till 12.30)
  • 12.20 short till 13.55
  • 13.55 trend till 14.30
Profit 40 Points MTP Manual DP System FDAX
Profit 100 Points MTP Manual DP System CL

No comments:

Post a Comment