Review 3rd Week of July

This week I learned two exit rules to enhance the profitablity of any trade:

1. Setting a limit sell order 1 point below the long target to ensure getting filled
2. If the is no prior support or resistance area use instead of a limit order a trailing stop order below the last 3 min bar for long trades or above for short trades to get out of a trade once the 10 min dp area was reached.

Furthermore I learned to keep my thoughts in the present, looking at actual price movements rather than relying on what happened last week. The best thing about using only for trend line breaks setups from 10 min charts is that I will catch the two major moves that happen almost everyday and not get stuck in small moves that end to nowhere.

And I will be ready to enter at the times the FDAX started its biggest moves in the past:

3

3.20

3.55

4.05

4.20

4.25

4.30

4.55

5.00

5.05

5.40

6.10

6.50

7.45

8.00

8.10

8.31

9.10

9.25

9.35

9.40

9.45

9.58

10.10

10.30

10.50

11.05

11.15

12.10

12.30

14.00

14.30

15.05

15.15