Wednesday, October 20, 2010

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

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