Wednesday, November 3, 2010

3rd 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, 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. Short below 6660, Long above 6675 or Reversal at 6647 Support or on low risk entry signal before the breakout
  • 2.38 am short
  • 3.03 am SHORT
  • 4.07 am LONG
  • 5.45 am LONG
  • 8.14 am long
  • 8.58 am SHORT
after 9.30 am: Short below 6661 or Reversal at 6675, Long above 6682
  • 9.37 am short
  • 10.10 am LONG
  • 10.24 am SHORT
  • 2.45 pm 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
  • 3.03 am SHORT
  • 5.13 am long
  • 8.04 am short
  • 9.11 am short
  • 10.09 am LONG
  • 10.46 am SHORT
  • 12.25 pm LONG
S&P reached not reach the long target in the morning traded down to the 1186 pivot, but after the FED news it reached the 1197 target. Nasdaq, Crude Oil and EURO reached the long target

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