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DayRaider Daily Routine

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DayRaider Daily Routine

Post  Admin on Thu Aug 28, 2008 9:52 am

You have to follow the same routine, every day to trade profitably, don't EVER skip a step!

===================== GOOD MORNING ! ==================

1> launch SR
2> check your brokerage account balance, make sure previous trades posted correctly
3> scan the 3 top websites listed on my blog "Business Links" -- note whether there is a 8:30 annc and any annc after market open.
4> launch your Dow Cash java chart
5> look at the 10 minute Dow Cash chart for a moment, figure out where the Dow is in the current cycle
6> compute YT after 9 am ET -- after the market opens in the Dow Cash you can predict the direction after the market Open and the price the next reversal is likely to occur at (a trend will crush this, if that's what the market wants to do, thus you stay trading with the trend).
7> use the Dow Behavior to predict the TIME of the next reversal or the next pause in the current trend.

8> After a few hours of trading have elapsed, the market will go into a trading range; plot the AM HIGH, AM LOW, compute a Dow Behavior based on that cycle analysis and range of numbers

======================= GOOD AFTERNOON! ===================
9> Trading range will end, compute where the market is in relationship to the cycle that occurred in the morning (this cycle created the AM HIGH and AM LOW).
10> From the trading range in the afternoon the market will make a run at one of the morning objectives (unless we are in a trend going towards MOC). 4 out 5 trading days, the Dow will exihibit the afternoon behavior of #10.
11> After the market completes one or more trends in the afternoon, it will be time for the "DayTraders Reversal".
12> Close out your last trending trade (which should be near the AM HIGH or AM LOW) and take the reversal to the close of the market at 1600 ET.

========================= BUENAS TARDES ! =======================

Remember, there will be 1 or 2 reversals at the "different" reversal time in the afternoon to compensate for the 1615 ET close in the futures market.

Good Trading!

DayTrader

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