Wednesday, November 10, 2010

10th November 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, 8.10 am, 9.00 am and 10.30 am.

after 3.00 am: Prior day closed on a swing low, so looking for short continuation. Short below 6773, Long above 6791 or Reversal at 6751 Support or on low risk entry signal before the breakout
  • 2.59 am short
  • 3.15 am LONG
  • 3.33 am SHORT
  • 5.31 am SHORT
  • 8.29 am LONG
after 9.30 am: Short below 6766 or Reversal at 6782, Long above 6774
  • 9.37 am short
  • 10.41 am LONG
  • 11.19 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 10.45 am
  • 3.13 am LONG
  • 5.36 am SHORT
  • 8.05 am LONG
  • 9.14 am SHORT
  • 10.40 am LONG
  • 11.20 am LONG
  • 1.10 pm LONG
  • 3.30 pm long
S&P and Nasdaq reached the first short target and stopped halfway to the 2nd target, Euro and DAX also reached the short targets only Crude Oil traded higher reaching the long target. Conclusion: Its important to trade setups after 9 am and in case of Crude Oil simply continue the long trend from the morning at a prior entry point price.

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