Wednesday, October 6, 2010

6th 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, 8.15 am, 9.00 am and 10.00 am. Potential to reach the daily swing high at 6336, if we break above the correction (downtrendline on 10 min chart)

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 6250 or Reversal at 6300 - 6320, Long above 6352 or Reversal at 6230 Support or on low risk entry signal before the breakout
  • 3.06 am LONG
  • 4.09 am LONG
  • 7.29 am long
  • 8.15 am SHORT
after 9.30 am: First a gap fill on the S&P and then most likely the moves from this morning, so first long then short. Short below 6261 or Reversal at 6286 Resistance, Long above 6277 or Reversal at 6242 Support or on low risk entry signal before the breakout.
  • 9.59 am LONG
  • 10.09 am SHORT
  • 12.30 pm short
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 (in case of a long trade till the 84$ swing high)
  • 2.55 am long
  • 4.03 am SHORT
  • 7.25 am long
  • 9.00 am LONG
  • 10.43 am LONG
  • 11.07 am LONG
  • 12.41 pm short

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