Wednesday, March 3, 2010

3th March Wednesday



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 (Today on the 3th trading day of the month we could see the typicial sideways trading action in the morning after an uptrending tuesday):
  • 2 am trend
  • after 3.30 am short
  • after 6.10 am long
  • 7.30 am - 8.40 am trend
  • after 9.15 am long
  • 9.48 am - 10.20 am trend
  • after 10.30 am trend till 11.10
  • after 1 pm trend
4 Crude Oil Trades:
  • after 2.15 am trend
  • after 3.50 am trend
  • after 6.30 am trend
  • after 8.00 am trend
  • 9.40 am - 10.00 am short till 10.32
  • after 10.35 long
  • after 1 pm trend
Profit 40 Points MTP Manual DP System FDAX
Profit 100 Points MTP Manual DP System CL

4 comments:

  1. man I hate these boring mornings!! Especially when profits are considerably small (compared to more volatile mornings).

    Cheers! :-)

    ReplyDelete
  2. yeah this morning was tricky, but each swing was made out of two similar moves, so I entered on the retracements and exited at the 1:1 measured move.
    But as I mailed you maybe its better to dont trade on such a bullish week (most of the time the first week of a month) at all but hold the 4 am position till 40 points are reached.

    ReplyDelete
  3. btw my target for this up move is 5888

    ReplyDelete
  4. man... 5888? Today or over the next sessions?

    ReplyDelete