Wednesday, November 24, 2010

24th 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: Short below 6727, Long above 6744 or Reversal at 6732 or on low risk entry signal before the breakout. Below Prior Day Low Price could rally above 6825 as this pattern is seen as a higher low in an uptrend on the daily charts.
  • 3.04 am SHORT
  • 5.05 am LONG
  • 8.26 am LONG
after 9.30 am: Short below 6792, Long above 6821
  • 10.17 am LONG
  • 11.30 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
  • 3.33 am SHORT
  • 5.48 am LONG
  • 10.32 am LONG
  • 11.29 am LONG
Nasdaq and FDAX reached the long targets, S&P traded slightly higher, bonds did not rebound but traded down, EURO reversed to the down side at 1.3420 and Crude Oil rallied after the 10.30 am news.

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