Review 5th Week of October

S&P gap fills where very profitable (see chart)

Nasdaq long only strategy also worked out

DAX long and short setups worked very good

29th October Friday

FDAX:

Strategy for trading on fridays is to enter low risk trend trades after 3.30 am, 4.00 am, between 5.10 am and 7 am, 8.15 am or 8.45 (on news days), 9.45 am and 10.30 am.

after 3.00 am: Short below 6585 or Reversal at 6611, Long above 6595 or Reversal at 6580 or on Low Risk Entry Signal before the breakout

• 3.28 am LONG
• 4.04 am SHORT
• 7.45 am long
• 8.45 am LONG

after 9:30 am: Short below 6624, Long above 6630 or Reversal at 6614 or on Low Risk Entry Signal before the breakout

• 9.41 am long
• 10.05 am long
• 11.30 am short

Crude Oil Trades: In addition to entry times that happen on the stock market indices I am also looking for moves after 9.00 am and 1.45 pm

• 2.55 am short
• 6.52 am LONG
• 9.03 am short (reversal setup)
• 11.08 am SHORT
• 1.45 am LONG

Todays Targets and Directions where pretty accurate, S&P and Nasdaq long hit their first targets, lets see if DAX can hit 6656 target on monday as it is still on a long trend. Curde Oil traded down to 80.75 and then reversed so I would have to see on monday if the short trend continues, Euro on the other hand went long to its first target an is still bullish so maybe the rest of the targets can be hit on monday.

28th October Thursday

FDAX:
Strategy for trading on thursday is to enter low risk trend trades after 3.15 am, 4.00 am, 5.30 am, 7.15 am, 8.30 am, 9.30 am, 10.35 am and after 1.30 pm.

after 3 am : Prior Day Closed on a Swing high so looking for a long entry after the 3 am open. Short below 6600 or Reversal at 6625, Long above 6600.

• 3.09 am SHORT
• 4.42 am LONG
• 5.56 am short
• 7.50 am LONG
• 9.10 am SHORT

after 9:30: Short below 6638, Long above 6646 or Reversal at 6620 or on low risk entry signal before the breakout

• 9.42 am short
• 10.16 am short
• 1.03 pm long

Crude Oil Trades: In addition to entry times that happen on stock market indices I am looking for a move after 9.00 am and 2.30 pm and to hold a position from 11.10 am till 1.30 pm

• 4.30 am long
• 8.12 am LONG
• 9.31 am SHORT
• 10.27 am SHORT
• 11.11 am long
• 1.54 pm LONG

27th October Wednesday

FDAX:

Strategy for trading on wednesday is to enter low risk trend trades after 3.05 am, 3.30 am, 4.05 am, 5.30 am, 7.15 am (re-entry chance), 8.10 am, 9.00 am and 10.00 am.

after 3.00 am: Prior day closed on a swing high, so looking for long continuation, prior day was bearish day so looking for the S&P to reach at least prior day low in the morning. Short below 6619 or Reversal at 6624, Long above 6632 or Reversal at 6594 Support or on low risk entry signal before the breakout

• 2.38 am short
• 3.06 am SHORT
• 3.54 am LONG
• 5.31 am LONG
• 6.40 am long
• 8.34 am SHORT

after 9.30 am: Short below 6600, Long above 6630 or Reversal at 6565 Support

• 9.37 am long
• 10.18 am SHORT
• 2.38 pm long

Crude Oil Trades: In addition to entry times that happen on stock market indices I am looking for moves prior and after 10.30 am news so around 10.45 am

• 3.03 am LONG
• 
  
• 10.00 am SHORT
• 10.46 am SHORT
• 1.46 pm LONG

26th October Tuesday

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.

after 3 am: Long above 6650 or Reversal at Prior 6630 Support, Short below 6640 or on Reversal at Prior 6657 Resistance or low risk entry signal before the breakout

• 3.13 am LONG
• 3.44 am SHORT
• 6.00 am LONG
• 7.09 am SHORT
• 8.59 am SHORT

after 9:30 am: First a short move then a move in the direction of the gap fill on the S&P then the trend from this morning continues so most likely up and then short. Short below 6600 or Reversal at 6622, Long above 6645 or on low risk entry signal before the breakout

• 9.48 am SHORT
• 10.15 am LONG
• 3.09 am long

Crude Oil Trades: In addition to entry times that happen on stock market indices I am looking for moves after 8.30 am, 11.30 am and 1.50 pm

• 3.45 am SHORT
• 5.47 am LONG
• 7.05 am SHORT
• 9.04 am SHORT
• 10.03 am LONG
• 12.22 pm short

25th October Monday

FDAX:

Strategy for trading on mondays is to enter low risk trend trades after 2.35 am, 3.30 am, 4.15 am, 5.50 am, 8.30 am, 9.35 am and 10.30 am.

after 3 am: Long above 6675 or Reversal at 6631, Short below 6665 or Reversal at 6684 or on Low Risk Entry Signal before the breakout

• 2:59 am SHORT
• 3.32 am LONG
• 4.03 am LONG
• 8.06 am SHORT

after 9:30 am: Maybe first a gap fill on the S&P then the trend from this morning. Long above 6660 or Reversal at 6633, Short below 6643 or on 6655 Resistance or on Low Risk Entry Signal before the breakout

• 9.33 am long
• 10.32 am short

Crude Oil: In addition to entry times that happen on stock market indices I am looking for moves after 5.30 am, 9 am and 11.50 am

• 3.30 am long
• 6.13 am short
• 8.51 am long
• 10.32 am short
• 11.51 am short
• 1.55 pm long

Trading Plan: 60 Min Charts

I focused on the 60 Min Charts this week and what I learned that the closing price of the 60 min bars act as major support and resistance levels, so I will focus to get an entry at that prices. Whats also good about the 60 Min Charts that they provide a valid method to determine the trend for daytrading. Still I am looking for setups on the 10 Min Chart but I am aware that trend setups will only occur if the 60 Min Charts agree with the entries I am getting from the 10 Min Chart.

To avoid going long in downtrends I usually wait for the 2nd 60 min signal or a donchian channel that goes up...

Trading Plan: Risk Reward not just for setups but also for entries

Review 4th Week of October

This week I traded the nasdaq instead of the S&P as there where many good trends (due to earnings news releases), the S&P however still serves as a guideline for other markets as often times when the S&P hits a target trends in other markets stop as well.

Speaking of targets the camarilla R3/4 and S3/4 pivots still are the best price levels to exit trades at the high or low of the day in case of very bullish days however I learned to exit long trades discretionary around 11.00 am or at the 4 pm close

For correction days exiting shorts at the prior day low was a good rule to follow.

Overall I learned that is far better to exit and even enter trades at camarilla levels rather than prior support and resistance levels that have been hand picked, however the closing price of swing highs and lows on the 60 min charts still serve as important levels for my analysis.

Trading Plan: Always short the more bearish instrument

22th October Friday

FDAX:

Strategy for trading on fridays is to enter low risk trend trades after 3.30 am, 4.00 am, between 5.10 am and 7 am, 8.15 am (on news days), 9.45 am and 10.30 am.

after 3.00 am: Short below 6595 or Reversal at 6630, Long above 6605 or Reversal at 6570 or on Low Risk Entry Signal before the breakout

• 3.54 am long
• 6.47 am LONG

after 8:30 am: Short below 6624, Long above 6630 or Reversal at 6614 or on Low Risk Entry Signal before the breakout

• 9.17 am short
• 9.53 am short
• 11.14 am short

Crude Oil Trades: In addition to entry times that happen on the stock market indices I am also looking for moves after 9.00 am and 2.00 pm

• 2.42 am short
• 7.25 am LONG
• 9.51 am short
• 11.07 am SHORT
• 2.10 am LONG

Note US indicies went down at the open but did not reach a target

21th October Thursday

FDAX:
Strategy for trading on thursday is to enter low risk trend trades after 3.15 am, 4.00 am, 5.30 am, 7.15 am, 8.30 am, 9.30 am, 10.35 am and after 1.30 pm.

after 3 am : Prior Day Closed on a Swing high so looking for a long entry after the 3 am open. Short below 6500, Long above 6536 or Reversal at 6515 for a continuation long trend entry.

• 3.17 am LONG
• 5.36 am LONG
• 7.29 am LONG
• 8.33 am SHORT

after 9:30: Short below 6578, Long above 6592 or Reversal at 6568 or on low risk entry signal before the breakout

• 9.36 am long
• 10.08 am long
• 1.44 pm short

Crude Oil Trades: In addition to entry times that happen on stock market indices I am looking for a move after 9.00 am and 2.30 pm and to hold a position from 11.10 am till 1.30 pm

• 3.30 am long
• 5.32 am long
• 8.32 am SHORT
• 9.00 am short
• 9.19 am long
• 10.44 am SHORT
• 1.44 pm SHORT

20th October Wednesday

FDAX:

Strategy for trading on wednesday is to enter low risk trend trades after 3.05 am, 3.30 am, 4.05 am, 5.30 am, 7.15 am (re-entry chance), 8.10 am, 9.00 am and 10.00 am.

after 3.00 am: Prior day closed on a swing high, so looking for long continuation, prior day was bullish day so looking for the S&P to reach at least prior day high in the morning. Short below 6465 or Reversal at 6500, Long above 6500 or Reversal at 6475 Support or on low risk entry signal before the breakout

• 4.03 am SHORT
• 4.33 am LONG
• 6.27 am long
• 8.52 am SHORT

after 9.30 am: First a move in direction of the opening price on the S&P and then most likely the moves from this morning, so first sideways then long. Short below 6500, Long above 6510 or Reversal at 6476 Support to catch the trend continuation.

• 9.32 am long
• 10.29 am LONG

Crude Oil Trades: In addition to entry times that happen on stock market indices I am looking for moves prior and after 10.30 am news so around 11.00 am I am ready to hold till at least 12.00 pm

• 3.14 am long
• 8.52 am SHORT
• 10.34 am LONG
• 10.41 am LONG

19th October Tuesday

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.

after 3 am: Prior day closed on a swing high, so looking for long opportunities till we hit resistance. Long above 6534 or Reversal at Prior 6480 Support, Short below 6530 or on Reversal at Prior 6550 Resistance or low risk entry signal before the breakout

• 3.00 am SHORT
• 3.29 am LONG
• 4.59 am long
• 6.43 am long
• 7.03 am SHORT
• 8.56 am SHORT

after 9:30 am: First a short move then a move in the direction of the gap fill on the S&P then the trend from this morning continues so most likely sideways and then short. Short below 6500 or Reversal at 6514, Long above 6500 or on low risk entry signal before the breakout

• 9.48 am SHORT
• 10.07 am LONG
• 1.53 am short

Crude Oil Trades: In addition to entry times that happen on stock market indices I am looking for moves after 8.30 am, 11.30 am and 1.50 pm

• 3.30 am LONG
• 6.05 am short
• 7.01 am short
• 8.47 am short
• 10.00 am LONG
• 11.37 am long
• 12.30 pm short

18th October Monday

FDAX:

Strategy for trading on mondays is to enter low risk trend trades after 2.35 am, 3.30 am, 4.15 am, 6.50 am, 8.30 am, 9.45 am and 10.45 am.

after 3 am: Long above 6480, Short below 6470 or Reversal at 6491 or on Low Risk Entry Signal before the breakout

• 3:00 am LONG
• 3.23 am LONG
• 4.39 am LONG
• 6.13 am LONG
• 9.05 am SHORT

after 9:30 am: Maybe first a gap fill on the S&P then the trend from this morning so most likely sideways. Long above 6525 or Reversal at 6506, Short below 6520 or on Low Risk Entry Signal before the breakout

• 9.40 am long
• 10.59 am short
• 2.15 pm long

Crude Oil: In addition to entry times that happen on stock market indices I am looking for moves after 6.30 am and 9 am

• 4.00 am short
• 4.45 am long
• 8.06 am long
• 9.39 am long
• 10.07 am LONG
• 11.01 am short
• 2.15 pm long

Trading Plan: Re-Entry only with Low Risk Setup

Have a look at all 4 charts: Only FGBL and ES provided low risk trend continuation setups:

Looking at the 60 min charts, it also makes sense to enter instruments that just made a new setup like the pound.