21th December Monday

Positions Opened:

• Fdax LONG
• US Dollar Index LONG
• Crude Oil SHORT
• Gold SHORT

Trading Plan: Exit when volatility is lower

Comparing the two moves in the Gold market its was wise to exit at the manual DP area (green) and not counting on a breakdown, as the range of the bars got smaller, so unlike yesterday where they remained large and made the breakthrough today the price bounced off the double bottom

Conclusion: Take into account the range of the bars and enter and exit above and below narrow range bars.

18th December Friday

Positions Opened:

• Us Dollar Index LONG
• Russel SHORT
• Soybeans SHORT
  
• Crude Oil LONG

16th December Wednesday

Positions Opened

• Dow LONG

Positions Closed

• 30 Year Bonds SHORT
• Dow LONG
• 10 Year Notes SHORT
• Crude Oil LONG
• Corn LONG

15th December Tuesday

Positions Opened:

• Silver SHORT
• Nasdaq SHORT
• Crude Oil LONG
• S&P SHORT
• T-Notes SHORT (re-entry)

Positions Closed:

• US Dollar Index LONG
• Gold SHORT
• Silver SHORT Breakeven
• Nasdaq SHORT Breakeven
• T-Notes SHORT
• S&P SHORT

Trading Plan: How to make a re-entry

Holding positions according to the trading action from last week, have a look at the GOLD screenshot on friday and monday morning people are willing to sell, so it make no sense to exit too early a profitable short trade that behaves like last week.

On quick sell offs or rallies trails stop aggressive at the first target when getting stopped out look if "time" is left on the daytrading chart to see if you can catch the 2nd target and once we broke through the 2nd target place the stop above the bar that broke through.

If the last target is not reached the price areas of the 1st and 2nd target can be used as re-entry areas:

11th December Friday

Positions Opened:

• Gold LONG & SHORT
• Silver LONG & SHORT

Positions Closed:

• Crude Oil SHORT
• Silver LONG
• Gold LONG
• Wheat SHORT