Day Trading Blog: 31th March Wednesday

Wednesday, March 31, 2010

31th March Wednesday

FDAX Trades (after 3 am open: up move, down move then side):

3:00 am long
4.05 am long
4.20 am short
4.45 am long
6.00 am 6.40 am short
6.50 am long
8.05 am long
8.15 am short
9.05 am short
9.19 am and 9.38 am long
10.15 am long
10.40 am - 11.10 am short
11.20 am long
2.30 pm short
3.46 pm long

Crude Oil Trades:

2.25 am long
3.20 am short
3.50 am long
4.30 am short
4.50 am long
6.00 am short
6.30 am long
7.20 am short
8.05 am long
8.20 am short
10.10 am short till 10.30 am
10.31 long
10.40 short
11.50 long
11.20 long
1.19 am long
2.30 am short
3.45 pm short

Profit 5 Points Automatic Reversal System ES
Profit 40 Points MTP Manual DP System FDAX
Profit 100 Points MTP Manual DP System CL

1 comment:

BBHMarch 31, 2010 at 2:33 AM
I'll answer here (instead of yesterday's post):

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I noticed.. lucky you! :)))

Do you have an indicator for those reversal points? Or do you just put them on the charts manually for this blog? They look quite interesting.

Looking carefully at 6153 level in the morning. A potential down move might occur, if the price acts right. We'll see. :)
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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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