Day Trading Blog: 30th March Tuesday

Tuesday, March 30, 2010

30th March Tuesday

FDAX Trades (after 3 am open: Up move, down trend)

2 am long
3.15 am short
4.00 am long
4.10 am and 4.40 am short
5.55 am short
6.30 am long
8.20 am short
8.35 am long
9.30 am short
9.39 am long
10.00 am short
10.40 am long
11.00 am short
12.15 am short
2.00 pm long (2nd entry 3.30 pm)

Crude Oil Trades:

2 am long
3.15 am short
5.05 am long
7.40 am short
8.00 am long
8.50 am long
9.10 am short
9.40 am long
10.15 am short
12.00 am short
1.40 pm short
2.00 pm long

Profit 4 Points Automatic Reversal System ES

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

2 comments:

BBHMarch 30, 2010 at 11:42 PM
Hey.. what were the red and green dots on the charts again? :-)
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daxdaytraderMarch 31, 2010 at 2:28 AM
the red and green dots are the reversal points of the last weeks, but i only trade them with trendline breaks or on large range bars i might enter immeditalty

have you seen my commodities trading blog, i posted pictures in the morning, the dax and the stocks50 both reversed at the 2nd elliot wave target (typical wave 3 target was at 6205)
those elliot wave targets are very very reliable
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Trading Rules:

how to trade profitable? with KSE. knowledge, strategy, execution.
Knowledge: You need to buy low and sell high. So I wait for the price to first go to a prior support level on the daily, 4h, 1h chart.
Strategy: Timing is important so I trade when there is a good setup on the dax, s+p, nasdaq or oil market. My goal is to make few trades with high risk reward, that is archived by either holding a trade till the market closes or reaching a level that sets up a counter trade.
Execution: Usually there is only a 20 point risk involved, so I try to get into a prior support level on the 10 min chart and automatically set a stop and multiple take profit targets.
All the little details how to trade better are listed here but I like to keep it simple: just enter the market at prices with a target that it at least 3 times the initial risk.

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