Friday, December 3, 2010

3rd December Friday





FDAX:
Strategy for trading on fridays is to enter low risk trend trades after 4.00 am, between 5.10 am and 7 am, 8.15 am or 8.45 (on news days), 9.35 am, 10.30 am and 2.30 pm

after 3.00 am: Short below 6945 Long above at 6957 or on Low Risk Entry Signal before the breakout. On Daily Chart waiting for a buy signal near the last swing high at 6911
  • 4.39 am LONG
  • 5.35 am SHORT
  • 6.58 am LONG
  • 8.30 am SHORT
  • 9.21 am LONG
after 9:30 am: Prior Day Closed on a Swing High so looking for Long Continuation. Short below 6951, Long above 6956 or on Low Risk Entry Signal before the breakout
  • 10.30 am LONG
  • 2.30 pm LONG
Crude Oil Trades: In addition to entry times that happen on the stock market indices I am also looking for moves after 9.00 am
  • 4.27 am LONG
  • 6.09 am LONG
  • 8.30 am SHORT
  • 9.05 am LONG
  • 10.37 am LONG
  • 11.41 am LONG
S&P and Nasdaq did not reach any target after 9.30 am, only FDAX traded up to the long target after it reached the pivot point on the 8.30 am news sell off. Bonds traded up to the last long target and then back down to the short target. Crude Oil and Euro moved in sync again both reaching the last long targets.

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