Day Trading Blog: 22th June Tuesday

Tuesday, June 22, 2010

22th June Tuesday

FDAX:
Times where trends will happen:

2.45 am to 5.30 am
6.00 am to 6.30 am
7.30 am to 9.40 am
10.30 am to 12.15 pm
2.00 pm to 3.00 pm

Overall theme for the day:

Like last tuesday my plan is to have either 1 short position from 3.01 am - 4.15 am till after 10.30 am - 12 pm (but only if we can make a lower low after 7 am, otherwise i might go long after 9.20 am) or 1 long position from 5 - 6 am till after 12 pm and finally one more trade from 2 pm till close. Tuesday is usually a trending day.

Last Tuesdays best entry times:
after 3.00 am, 4.30 am (5.00 am exit), 5.30 am, 8.10 - 9.00 am, 9.40 am, 10.30 am, 11.00 am, 11.45 am, 12.10 pm and 2pm

after 3 am same as yesterday after 10.20 am: down move, up move,

3.02 am long
3.48 am long
4.57 am short
5.56 am short
6.13 am long
7.16 am long
8.18 am long

after 9:30 am same moves like after 3.00 am: up move, down move

10.00 am short
2.01 pm short

Crude Oil Trades: 3.01 am trend continuation, 8-9.30 long, after 10.40 am short

2.18 am long
4.12 am long
5.05 am short
5.45 am short
6.19 am long
8.26 am long
9.50 am short
10.42 am long
1.18 pm short

1 comment:

pcampbell7October 26, 2010 at 7:38 AM
I stumbled across your site this weekend and have been looking at the instruments you trade ,I am based in the UK(GMT time zone)

I would like to know what time zone you are in as in the example :

FDAX:
Strategy for trading on Tuesdays is to enter low risk trend trades after 2.45 am, 3.20 am, 5.30 am, 7.05 am - 8.20 am, 8.45 am, 9.30 am, 10.20 am.

What time zones are these ? so I can allocate the GMT time zone to the trade

Also can we connect on skype ?

Thanks
Patc
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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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