Saturday, November 6, 2010

Review 1st Week of November

All long targets on the S&P and Nasdaq got reached because it was a bullish week.
On the automated FDAX trading strategy I added the rule to not trade shorts if the donchian channel is at least 30 points wide, or we are not at the low of the day, or below camarilla S4 pivot.

Nasdaq long strategy did not work out after tuesday because of news events adding too much volatility to allow low risk entries. S&P gap fill strategy however worked as always.

Like last week overall the stock market indicies where:
bearish on monday
reversed to the long side on tuesday
traded down and up again on wednesday
rally on thursday morning followed by a sell off
traded sideways with the 8.30 am breakout move on friday



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