Monday, February 22, 2010

22th February Monday



Goals for today:
  1. Trade according to my Plan with good feelings about the outcome.
  2. Earn at least 40 Points by entering and exiting short and/or long trades on 1 min FDAX chart in the Decision Point Areas from the 3 Min Chart.
  3. Earn at least 100 Points by entering and exiting short and/or long trades on a 1 Min Chart in the Decision Point Areas from the 3 Min Chart.
  4. Don't make anymore trades once the profits are cashed in
3 FDAX Trades: Today is the 16th trading day of the month, but like last week this trading day of the month does not seam to predict the price action as good as last weeks trading day.
  • 2.20 am - 3.00 am long till 3.00 - 3.30
  • 3.10 am trend till 4.00 am
  • after 4.25 am trend
  • 5.00 am long
  • 7.00 - 8.00 am long
  • 8.15 am short
  • 9.30 am - 10.00 am trend
  • 10.15 am trend
  • 11.30 am long
3 Crude Oil Trades:
  • 2.20 am long
  • 3.00 am trend till 4.00 am
  • 5.40 trend
  • after 7.00 am trend
  • after 8.00 am short
  • after 9.30 am trend
  • 10.15 trend
  • after 10.40 am short
  • 12.20 long , 13.20 long
Profit 40 Points MTP Manual DP System FDAX
Profit 100 Points MTP Manual DP System CL

Today I did too many trades to capture each of the 5 profitable moves I spent about 3 attempt to enter and exit at the beginning and end of trend, tomorrow I will be using an automatic trail stop to avoid getting out too early.

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