Wednesday, April 21, 2010

21th April Wednesday




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
after 9.30 am: upmove, down trend, upmove, sideways then downtrend
  • 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

16 comments:

  1. Morning,

    Interesting... 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).

    ReplyDelete
  2. yeah long is usually better but same as last wednesday morning we might first see a dip down and then up again.
    Man I hate these choppy trades down :-)

    ReplyDelete
  3. 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...

    But 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). :-)

    ReplyDelete
  4. 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.
    Btw 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!

    ReplyDelete
  5. 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.

    ReplyDelete
  6. wednesdays we usually have this spike up and then a reversal, so looking forward to make two big trades after the current short today...

    ReplyDelete
  7. please let me know once you are in your long position :-)

    ReplyDelete
  8. Was long since 6270, even though macro wasn't supporting me. Closed with a few point profit, since the trade turned risky.

    ReplyDelete
  9. But will still look to go long. Maybe if the macro and price actions turns around a bit. :-)

    ReplyDelete
  10. I just reached my dax and S&P short target
    lets 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

    ReplyDelete
  11. 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.

    So let's see if there will be any trades during the U.S. open or not. Cheers! :-)

    ReplyDelete
  12. 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 :-)

    ReplyDelete
  13. Huh.. weird day for me. Just this one small trade and that's it. Will call it a day and come back fresh tomorrow. :-)

    ReplyDelete
  14. btw do you trade in the evening sometimes? (after 8 pm european time, 2 pm new york time) on wednesdays there often good trends...

    ReplyDelete
  15. I 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.

    But I rarely look for new trades at this time.

    ReplyDelete
  16. 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