Workhours from 3.00 am till 5.00 am, 6.20 am till 9.40 am and a look at 11.30 and 14 - 14.30
FDAX Trades:
expecting a trend after 3 am, 6.20 am, 8.30 am-9.30 am, 11.20 am, 2 pm
after 3 am: down trend (if we have the same pattern that we had the last two wednesdays: the market does the exact opposite of what happened yesterday after 10.35 am)
- 3:15 am short
- 3:53 am long
- 4.18 am short
- 4:25 am long
- 4.44 am short
- 5:59 am short
- 7:14am long
- 8:19 am long
- 9.00 am long
- 9.38 am long
- 10.15 am short
- 10.56 am short
- 11.20 am short
- 11:38 am long
- 1.45 pm long
- 2.00 pm short
- 3.30 pm long
Crude Oil Trades:
- 2.44 am long
- 3.17 am short
- 4.00 am long
- 5:47 am short
- 8.12 am short
- 8.32 am long
- 9.40 am long
- 10.15 am short
- 10.35 am long
- 11.20 am long
- 1.55 pm long
- 2.05 pm short
Morning,
ReplyDeleteInteresting... you're looking for a short trade?
At first glance DAX looks rather long to me. So first we could come down to 6270 and then rally up to 6300 (6307/6315). If we break these levels, then we can see a rally into new highs. But will know for sure once we're at those levels.
Of course we could come down too, but micro and macro both seem to be favoring long at this point (2.17 am).
yeah long is usually better but same as last wednesday morning we might first see a dip down and then up again.
ReplyDeleteMan I hate these choppy trades down :-)
hehe.. I don't like those choppy down-moves either, so that's why I don't usually trade them. Right now I'm waiting to see what happens when we hit 6270...
ReplyDeleteBut there's always chance we'll have a choppy up-move also (kind of like yesterday... choppy beginning, 10-minute QUICK up-move and again choppy up-range). :-)
if your looking for big long trades, trading after 6 am is usually more profitable, or right from the 3 am if we have a gap fill or trend continuation.
ReplyDeleteBtw does your indicator also show the 6268 level as an imporant one, thats where the dax index closed yesterday at 11.30 am, sometimes the market stops and reverses right at this price!
I don't follow index prices, but I have a level at 6270 for some time now. I guess DAX might have closed on that level.
ReplyDeletewednesdays we usually have this spike up and then a reversal, so looking forward to make two big trades after the current short today...
ReplyDeleteplease let me know once you are in your long position :-)
ReplyDeleteWas long since 6270, even though macro wasn't supporting me. Closed with a few point profit, since the trade turned risky.
ReplyDeleteBut will still look to go long. Maybe if the macro and price actions turns around a bit. :-)
ReplyDeleteI just reached my dax and S&P short target
ReplyDeletelets see if the bulls can move the price up from here, crude oil and british pound are far more bullish, so i might give the dax a break and trade those markets instead
Smart choice you made. I also decided to hit the gym because macro was not favoring long trades. Looks like I made a smart decision - DAX was ranging most of the time (would have been a waste of my time) and then followed macro.
ReplyDeleteSo let's see if there will be any trades during the U.S. open or not. Cheers! :-)
I am happy that my workhour planing i wrote in my blog works out: wednesday from 5 to 6 is always choppy, so a time where will go to the gym next time :-)
ReplyDeleteHuh.. weird day for me. Just this one small trade and that's it. Will call it a day and come back fresh tomorrow. :-)
ReplyDeletebtw do you trade in the evening sometimes? (after 8 pm european time, 2 pm new york time) on wednesdays there often good trends...
ReplyDeleteI rarely trade after 8pm European time. Well.. I do, but only when I have a strong position and it's a ''one way'' trading day. Then I'll let it run as long as it looks profitable.
ReplyDeleteBut I rarely look for new trades at this time.
well today was pretty much a "one way" short trading day :-) but i have to admit taking short trades was very tricky, anyway what I am trying to say is that trades in the envening (especially on wednesdays have less volatility than those after 9.30) have a look at last wednesday evening and the week before, almost safe profits I see there :-)
ReplyDelete