Friday, March 5, 2010

5th March Friday



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.

Plan to archive these goals:
Determine trend, entry and exit points, times where I have to make a decision and trade my plan with a live account without hesitation.

5 FDAX Trades: (5th trading day seams to be a bearish day before the NFP news)
  • 3.00 am trend
  • 4.10 am - 5.00 am short
  • 5.00 am trend
  • 6.00 am - 7.45 am trend
  • 8.20 am long
  • 9.00 am short
  • 9.40 am long
  • 9.55 am short
  • after 10.05 am long
  • 10.30 am short
  • 11.00 am long
  • 13.00 long
  • after 15.10 long
4 Crude Oil Trades:
  • 3:30 am long
  • 4:55 am trend
  • after 7.00 am trend
  • after 8.30 am long
  • 9.05 am - 9.30 am short
  • 9.30 am trend
  • after 10.05 am trend
  • 13.55 trend till 14.30
Profit 40 Points MTP Manual DP System FDAX
Profit 100 Points MTP Manual DP System CL

2 comments:

  1. Morning,

    Frankly, I'm a bit confused here. What did you mean by ''trend'' again? :-)

    Do you mean some overall trend (maybe from 4H charts or smth)? Cause it's quite impossible to read any kind of trend out of one hour moves in the morning. :))

    Cheers!

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  2. trend just means at 3 am and at 5 am I am expecting a trend to start (long or short depending on the blue or red bars that will appear at that time), like it did the last fridays. When I write 6 - 8 am trend, than in this very long timeframe a trend will start so I am paying attention how the price behaves in decision areas...

    ReplyDelete