Day Trading Blog: Week 24 Stocks + Crude Oil SIDEWAYS + LONG, Gold LONG

Saturday, June 16, 2012

Week 24 Stocks + Crude Oil SIDEWAYS + LONG, Gold LONG

Number of Ticks for the automatic trade setups:

Fdax:

3 Min Signals till 11.30 am:

Monday: SHORT 200
Tuesday: SHORT 200
Wednesday: SHORT 220
Thursday: LONG 32
Friday: LONG 66

Gold:

2 Min Signals after 8 am:

Tuesday: LONG 200
Friday: LONG 30

3 Min Signals after 8 am:

Tuesday: SHORT 20
Wednesday: SHORT 45
Thursday: LONG 60

Crude Oil:

3 Min Signals after 9 am:

Tuesday: LONG 60
Wednesday: SHORT 99
Thursday: LONG 74
Friday: SHORT 30

Nasdaq:

5 Min Signals after 9.30 am:

Monday: SHORT 120

Thursday: SHORT 60

3 Min Signals after 9.30 am:

Tuesday: LONG 80
Friday:

2 Min Signals after 9.30 am:

Wednesday: LONG 60
Wednesday: SHORT 40

Fgbl:

5 Min Setups have been profitable:

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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.

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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.