Sunday, December 6, 2009

Preview 2nd Week of December

I am looking forward to trade the 3 min Decision Points and will note down my breakeven trades so I know which patterns chanced.

Monday:
Entering a crude oil trade after 7.30 and reversing or going flat after 10 am to 14 am, expecting bullishness after 12.30 am. On the FDAX entering a trade after the open and holding till the correction that happens from 6 to 8 am and then the same direction after 9 am closing the trade after 10 am, reversing to only if overbought/sold. After 2 pm expecting an uptrend.

Tuesday:
Entering a crude oil trade after 1:30 am and holding it till 2:30 am. Expecting another trending move after 9 am that should be closed at double tops or bottoms.
In the FDAX market I am expecting a bullish trending market till 4.30 am (if the price is not yet above prior days high the trend can also last till 6 am) and countertrend trade (short) could happen after the 8.30 news, that will be reversed around 10 am, so holding till close.

Wednesday:
Waiting for 10.30 news in the crude oil market then doing one trend trade that last till tomorrow morning, or if overbought/sold reverse after 12.30 and exit 13.30

On the FDAX a trending down move after the 3 am open (but this wednesday a scalp long since we are in a bull flag before the open) into a consolidation level (Notice on wednesday morning double bottom is a valid exit target for the first short trade, dont expect the trade to go to the Dp area) .Then waiting for double bottom for a rally before the 8.15 news that often is the high of the week and a sell off before and after the US open. Then around 10 am long but this one is most of the time not a trend trade so expect to exit or reverse if high potential around 10.30 am to 12 am.


Thursday:
Expecting a trending market after 1.45 in the crude oil market with another entry point at 9.30 On the FDAX either short or long after the 3 am open tolding till 11 am, same as monday thursdays seam to be the most trending days, but watch out to set the stops correct or make re-entries if there are news that might pause the trend.

Friday:
Expecting the trend from thursday to continue in the Crude Oil market so good entries 1.30 am 5 am 6 am looking for a reverse after 9 am. On the FDAX Bullish in the morning and bearish or pause after 5 am. Then a rally after 9.30 am.

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