Day Trading Blog: 6th April Tuesday

Tuesday, April 6, 2010

6th April Tuesday

FDAX Trades:

expecting after 3.30 am, 8 am, 9.45 am, 10.20, 11.40 am and 2pm a trend

after 3 am: down move, up move, down trend

2 am long
2.15 am bearish (3.00 am short, 3.15 am short)
4.00 am long
4.38 am short
5.45 am long
6.56 am short
8.04 am long
8.12 am short
8.42 am long

after 9:30 am: short move, up move, down move, uptrend

9.31 am short
9.39 am and 9.46 am long
10.15 am short
10.24 am long
10.59 am short
11.37 am long
12.15 am short
2.00 pm long (2nd entry 3.30 pm)

Crude Oil Trades:

2 am long
3.01 am short
4.35 - 5.45 am long till 7.00 am
7.30 am short
7.55 am long
8.56 am long
9.15 am short
9.40 am long
10.59 am short
11.28 am long
11.50 am short
1.30 pm short
2.00 pm long

Profit 5 Points Automatic Reversal System ES

Profit 40 Points MTP Manual DP System FDAX
Profit 100 Points MTP Manual DP System CL

4 comments:

BBHApril 6, 2010 at 5:13 AM
Hey,

Interesting setup: DAX is on Camarilla H4 and S&P is on Camarilla L3/L4.

Is there an arbitrage trade opportunity?
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daxdaytraderApril 6, 2010 at 9:24 AM
sure the fdax has to go down to the 6214 area (high of last tuesday)
just like the S&P did yesterday, if you missed the first down move watch out for another one after 10 am
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BBHApril 6, 2010 at 9:42 AM
Cool. I went short at 6266 and exited just before my other pivot point (which is at 6220). Then I went long again, but exited after 7 points. Don't like to be in a position in U.S. open (and 10-15 min after that).

Let's see if there will be another down move @ 10am.

Cheers mate!
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daxdaytraderApril 6, 2010 at 10:55 AM
10.17 and 11 where down moves last tuesday, but if there is no trendline break i will not go short
and look to go long after 11.30
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Trading Rules:

how to trade profitable? with KSE. knowledge, strategy, execution.
Knowledge: You need to buy low and sell high. So I wait for the price to first go to a prior support level on the daily, 4h, 1h chart.
Strategy: Timing is important so I trade when there is a good setup on the dax, s+p, nasdaq or oil market. My goal is to make few trades with high risk reward, that is archived by either holding a trade till the market closes or reaching a level that sets up a counter trade.
Execution: Usually there is only a 20 point risk involved, so I try to get into a prior support level on the 10 min chart and automatically set a stop and multiple take profit targets.
All the little details how to trade better are listed here but I like to keep it simple: just enter the market at prices with a target that it at least 3 times the initial risk.

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