Tuesday, March 16, 2010

16th March 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.

7 FDAX Trades (Short in the morning, long after US market opens like last month:
  • 3 am trend
  • after 4.10 am trend
  • 5.00 am -5.30 am trend
  • after 6.25 am trend
  • 8.15 am downmove
  • 8.30 am upmove
  • after 9.30 am trend
  • 9.50 am long
  • 10.55 am trend
  • 11.30 am trend
  • 2.30 pm trend
5 Crude Oil Trades:
  • 2 am long
  • after 3.15 am trend
  • 4.00 am - 4.30 am long
  • after 5.15 am trend
  • 8.30 am - 9.30 am long
  • 10.00 am trend
  • 10.30 am trend
  • after 11.20 am trend
  • after 12.30 am trend
  • ater 1.30 pm trend

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

5 comments:

  1. Hi,

    I know you've explained this many times, but your ''trend'' still is quite the mystery. Take yesterday; for example, I really can't read any trend out of those moves.

    I remember when I first found your blog, you wrote long, short, short, long, ..., and I understood what you meant. Unfortunately, now it doesn't make much sense. :)

    Have a great one! :-)

    ReplyDelete
  2. :-)))))))
    thats trading, i removed the long and short because, if price is overbought and I am expecting a trend to happen at a certain time then its much likly to be short (all i know in advance that there will be a trend at a certain time but how the price behaves in a decision point area at that time will determine where it goes)
    PLUS
    this and next week will be 1 hour offset for the dax since the US is already at summer time. (dax opens now at 4 am)

    ReplyDelete
  3. above 5942 i would go long (have a look at the magenta color, so tuesday is historical a long day, after the dip in the morning

    ReplyDelete
  4. yeah.. and you know what I don't really enjoy? The fact that ATR has really come down. Now the daily moving average is about 72 points (when it used to be 100-110).

    Even if it is long above 5942 - for how long? 5951? These points look really small because I've used to get 20-30 (40-50) points out of a trade. Huhh :)))

    ReplyDelete
  5. yes you are correct from 5942 to 5951
    just 9 points (but 9 save points)

    ReplyDelete