Friday, March 19, 2010

19th March Friday



Goals for today:
  1. Trade according to my Plan, enter a trade when the price is in a favourable position .
  2. Earn at least 40 FDAX Points by entering and exiting short and/or long positions on the 1 min chart in a Decision Point Areas from the 3 Min Chart.
  3. Earn at least 100 Crude Oil Points by entering and exiting short and/or long positions on the 1 Min Chart in the Decision Point Areas from the 3 Min Chart.
  4. Don't make anymore trades once the profits are cashed in and celebrate your success.

Plan to archive these goals:
Start every day with the feeling that you have the power and concentration to archive your goals and that your subsconciousness will assist you making the right decisions at the right moment. Be mentally prepared to take a trade when price is in a favourable postion (= beginning of a trend, low volatility, not in frond of news, in a decision point area, after a pullback when trend is already on)
Exit not to early but at predefined decision areas, let profits run and dont be afraid of the pullbacks that will happen in every trend. Look at the PnL display and take anymore trades once your goal is reached.

5 FDAX Trades (dax will trend lower at the 4 am open, go higher forming a bear flag, sell off and then trade higher):
  • 3.10 am trend
  • 4.10 am - 5.00 am trend
  • 4.45 am trend
  • 6.10 am trend
  • 6.55 am trend
  • 8.00 am trend
  • 9.00 am trend
  • after 10.00 am trend
  • 10.55 am trend
  • 11.35 am trend
  • after 12.40 am trend
  • 1.30 pm trend
  • after 3.30 pm long
4 Crude Oil Trades:
  • 3:00 am trend
  • after 4:30 am trend
  • 5.30 am trend
  • after 6.40 am trend
  • 7.05 am trend
  • after 8.00 am trend
  • 9.02 am - 9.30 am trend
  • 9.15 am trend
  • after 10.00 am trend
  • 11.00 am trend
  • 12.20 am trend
  • 1.55 pm trend
  • after 3.30 pm long
Profit 40 Points MTP Manual DP System FDAX
Profit 100 Points MTP Manual DP System CL

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