Emini S&P(ES), DAX(Dax), Crude Oil(CL) "High Speed" Daytrading Journal

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increasenow

ES

1 pt=$50

3 pt move=$150

Ave. Volume: 2- 3 million contracts traded

DAX

1 pt=25Euros ($40 USD)

5 pt move=$200 USD
10 pt move=$400 USD
15 pt move=$600 USD
20 pt move=$800 USD
25 pt move=$1,000 USD

Ave. Volume: 200,000 contracts traded

CL

1 pt=$1,000

2 pt move=$2,000

Ave. Volume: 200,000 to 400,000 contracts traded


DAYTRADE Margins used:

ES=$300 per contract
DAX=2,000Euros ($3,176.00 USD)
CL=$3,300

Contracts traded per actual trade:

ES=1-10
DAX=1
CL=1

Hours Traded:

Only during regular trading hours 9:30am-4:00pm New York time

Daytrade Strategy:

"High Speed" trading...scalping points per each contract

**Focus on Price Action only...daily support, resistance, pivot numbers...NO indicators...they only lag...

**Fundamental analysis considered (news events etc.)


$$$ USD Net Profit Goal per Day Trading:

$200.00-$2,000.00 USD

Why these 3 contracts:

*Huge moves intraday
*Huge volume traded
*Huge profit potential available
*Huge news available on all 3 contracts

NOTES:

As of this journal start July 2, 2008...ES, DAX following in an opposite manner, the CL...

REQUEST: Please share your insights and thoughts on daytrading the ES, DAX or CL
 
stops are used...only used in the form of:
1-"mental" (manual) stops
2-"max $$$ loss amount" function activated and position is exited by market order...

NO 'point' stops are ever used...
 
I look for DAX divergences in relation to ES as US markets open...also...'spikes' either way in the CL are great entries for long or short DAX, ES...
 
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