Tuesday, November 9, 2010

9th 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: Prior Day Closed on a Swing High so looking for Long Continuation.
Long above 6753 or Reversal at Prior 6742 Support, Short below 6744 or on Reversal at Prior 6761 Resistance or low risk entry signal before the breakout
  • 2.53 am SHORT
  • 3.30 am LONG
  • 4.40 am LONG
  • 5.30 am LONG
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 6798 , Long above 6607 or on Reversal above 6784 or on low risk entry signal before the breakout
  • 10.01 am LONG
  • 10.33 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
  • 2.57 am SHORT
  • 4.40 am LONG
  • 11.07 am SHORT
  • 1.26 pm SHORT
S&P missed the long target by 1 tick and traded down to the the short target, Nasdaq also missed the long target and traded down to the short target, Bonds reached the short targets and Dax reached the long target after 10 am news. Crude Oil and Euro traded down to the short targets.

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