Wednesday, October 13, 2010

13th 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, 8.15 am, 9.00 am and 10.00 am. Potential to reach the this years high at 6394.

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 6329 or Reversal at 6363, Long above 6335 or Reversal at 6314 Support or on low risk entry signal before the breakout
  • 3.33 am LONG
  • 4.03 am LONG
  • 5.30 am LONG
  • 7.40 am long
  • 8.12 am LONG
  • 8.30 am short
after 9.30 am: First a trend in direction of the gap fill on the S&P and then most likely the moves from this morning, so first long then sideways. Short below 6418, Long above 6431 or Reversal at 6408 Support to catch the trend continuation.
  • 9.04 am short
  • 10.23 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 for a trade that I am trying to hold till 12.00 pm
  • 2.50 am long
  • 4.00 am LONG
  • 5.35 am long
  • 7.30 am long
  • 9.02 am SHORT
  • 10.38 am LONG
  • 12.41 pm short

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