Tuesday, November 23, 2010

23th November 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 6850 or Reversal at Prior 6760 Support, Short below 6803 or on Reversal at Prior 6836 Resistance or low risk entry signal before the breakout. Break below 6800 would be a tripple bottom sell signal on the daily chart with target of 6722.
  • 3.09 am SHORT
  • 3.20 am LONG
  • 3.50 am LONG
  • 5.56 am LONG
  • 7.10 am SHORT
  • 9.14 am SHORT
after 9:30 am: First a move in the direction of the gap fill on the S&P then the trend from this morning continues so most likely up. Short below 6800 , Long above 6829 or on low risk entry signal before the breakout
  • 9.50 am SHORT
  • 11.03 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 1.30 pm
  • 3.22 am LONG
  • 6.22 am SHORT
  • 8.37 am SHORT
  • 9.02 am LONG
  • 11.55 am LONG
  • 1.44 pm SHORT
S&P and Nasdaq traded down to the short targets immediatly after 9.30 am. Crude Oil did go up to the pivot point and FDAX traded down to the short targets later during the US session. Bonds rallied and EURO continued the short trend reaching the last short target.

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