Entries today

My possible entry setups for today, 4 losses and 3 winnners. I performed 3 losses and 1 winner.

daytrading
FDAX

System trading vs discretionary trading (1)

At the moment I don't want to make a predictions about the market direction. My firts three trades in a row today were losses, the last two winners, resulting in a net win. Markets intraday difficult to grab at the moment, the DAX jumping around.

I downloaded a trading analysis program; which allows you to analyse statistically trading systems and or your trades. I will have to test it a bit and report some of my results here. I never looked at these things thoroughly because I am not a system trader so, so these things never bothered me that much. Maybe I look at things a different way in a sense becoming more a systematical trader but I clearly have a long way to go.

Charts of the S&P and the DAX:

daytrading
FDAX

Jumping markets

I got the feeling in the last days the markets, especially thr FDAX is just jumping around, moving either on bad or good news. The big gaps and the minor intraday movements confirming this.
Today it is up again after a bearish week to the former highs at 5000. Difficult to trade and I didnot.

daytrading
FDAX