Monday, August 16, 2010

16th August Monday




FDAX:
Strategy for trading on mondays is to wait for a low risk trend trade entry after 3.30 am and 9.59 am

after 3 am same as last friday after 9.30 am: up move, correction, up move, down move
  • 3:08 am long
  • 3.50 am SHORT
  • 5.15 am long
  • 7.32 am short
after 9:30 am: same moves as after 3.00 am: up move, down move
  • 9.34 am LONG
  • 10.50 am short
  • 2.07 pm short
Crude Oil: after 6 am most likely a trend starts, then at 9 am a correction so most profitable trade is after 9 am in the direction of the trend that happend prior to the correction.
  • 3:23 am short
  • 4.42 am long
  • 7.02 am short
  • 9.11 am SHORT
  • 10.08 am long
  • 10.42 am short
  • 2.06 pm short

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