Day Trading Blog: 21th November Monday

Monday, November 21, 2011

21th November Monday

LONG Reversal at Daily Target on Crude Oil 10 R

LONG Reversal at Daily Target on Gold 3.5 R

LONG Reversal at Daily Target on Nasdaq 6 R

SHORT Trend on Gold 4 R

SHORT Trend on Nasdaq 8 R

LONG Reversal at Daily Target on Crude Oil 5 R

LONG Reversal at Daily Target on Gold 5 R

SHORT Trend on Gold 3 R

LONG Reversal at Daily Target on FDAX 3 R

SHORT Trend Trade on Fdax 11 R

2 comments:

Baron parkerNovember 22, 2011 at 8:02 AM
The article went on to say that all day trading systems lose because "volatility in abbreviate appellation time frames is accidental and prices can and do go anywhere.

Day Trading Tools
ReplyDelete
Replies
daxdaytraderNovember 22, 2011 at 1:11 PM
wrong, prices will react on certain levels (prior day low,high,closing price ...) when entering at those levels with a stop above/below a 5 min bar the risk is far far lower than the potential gain, works almost everyday
ReplyDelete
Replies

Add comment

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.

The Legal bit

Risk Disclaimer and Disclosure Statement

Trade at your own risk. The information provided here is for Education only and is of a general comment only and neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action.

By reading this Blog, you acknowledge and accept that all trading decisions are your own sole responsibility, and I cannot be held responsible for any losses that are incurred as a result.

There is risk of loss in trading and investing. All trade decisions are your own sole responsibility.