Tuesday, February 16, 2010

16th February Tuesday




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.

4 FDAX Trades (On the 12th trading day of every month we could see a trending day and like yesterday morning a very early rally, I will pay special attention if there is a shorting opportunity around 5:39 am and 10:39 am like last tuesday)
  • 2 am long
  • 3 am short
  • 3.30 - 5 am long
  • 5.10 am - 8 am short
  • 8.00 am long till 9.39 am
  • 10.05 am long till 10.15-10.30
  • 10.30 am trend
  • 11.30 am - 12.00 am trend
3 Crude Oil Trades:
  • after 3.00 short (if oversold long)
  • 4.05 long
  • after 6.30 - 8.00 short
  • 8.50 - 9.30 long
  • 10.00 long
  • after 11.30 - 12.30 trend till 13.30

Profit 40 Points MTP Manual DP System FDAX
Profit 100 Points MTP Manual DP System CL

5.39 short worked out well, but in the US session price action was very bullish so almost only long trades.

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