Saturday, September 25, 2010

Review 4th Week of September









When comparing bonds, gold, S&P, fdax and crude oil i figured out its much more rewarding to just take the trades in the direction of the daily trend (no price below prior days low = no shorting, only if there is extreme overbought situation like 3 higher highs and a gap in the charts so a big potential for the short move to continue past last swing low)

All those special entry times for daytrading the dax future:
Monday: After 2.35 am, 4.15 am, 5.50 am, 8.30 am, 9.59 am and 10.45 am
Tuesday: After 2.50 am, 3.30 am, 5.30 am, 7.15 am, 8.00 am, 9.00 am, 9.45 am and 10.20 am
Wednesday: After 3.05 am, 3.30 am, 4.05 am, 4.30 am, 5.30 am, 8.15 am, 9.00 am and 10.00 am
Thursday: After 3.15 am, 4.00 am, 5.30 am, 6.20 am, 8.20 am, 9.45 am, 10.45 am and 2.30 pm
Friday: After 3.30 am, 4.30 am, 7.00 am, 8.30 am, 9.45 am and 10.30 am

are not as profitable as just making 1 trade after 3.00 am and one after 9.30 am (expection fridays there you have to enter after 7.00 am to catch the beginning of a trend on the 10 min chart)

besides that if the dax closed with a lower low around 3 pm chances are high we will also get a downtrend in the morning, if it closed higher we might first go up test the resistance and see if we can get an uptrend going but for a real nice uptrend price needs to be above where it was yesterday in the early US session (9.30 am till 11.30 am)

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