Day Trading Blog: 23th September Thursday

Thursday, September 23, 2010

23th September Thursday

FDAX:
Strategy for trading on thursday is to enter low risk trend trades after 3.15 am, 5.30 am, 6.20 am (bearish), 8.20 am, 9.45 am and after 2.30 pm. Also expecting to catch some points from the 2.45 am move

after 3 am : Short below 6254 or Reversal at 6271, Long above 6277 or on low risk entry signal before the breakout

2.57 am long
3.15 am short
3.47 am SHORT
5.34 am LONG
6.50 am short
8.33 am short

after 9:30: Short below 6140 or Reversal at 6190, Long above 6157 or Reversal at 6146 or on low risk entry signal before the breakout

9.39 am long
10.00 am LONG
11.03 pm long
2.40 pm short

Crude Oil Trades: In addition to entry times that happen on stock market indices I am looking forward to hold a position from after 11.00 am till 2.30 pm (trailing stop on 10 min chart to catch in best case a runner till after 2.00 pm)

2.00 am long
3.21 am SHORT
7.06 am short
9.11 am long
10.30 am LONG
11.18 am LONG

No comments:

Post a Comment

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.

The Legal bit

Risk Disclaimer and Disclosure Statement

Trade at your own risk. The information provided here is for Education only and is of a general comment only and neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action.

By reading this Blog, you acknowledge and accept that all trading decisions are your own sole responsibility, and I cannot be held responsible for any losses that are incurred as a result.

There is risk of loss in trading and investing. All trade decisions are your own sole responsibility.