Tuesday, December 7, 2010

7th December 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:
Long above 6972 or Reversal at Prior 6957 Support, Short below 6955 or on Reversal at Prior 6976 Resistance or low risk entry signal before the breakout. If we go above of yesterday high we might see a sell off otherwise a break of yesterdays high starts a rally.
  • 2.45 am LONG
  • 3.33 am SHORT
  • 3.58 am LONG
  • 4.36 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 7030 , Long above 7006 or on low risk entry signal before the breakout
  • 9.47 am SHORT
  • 2.50 am short
Crude Oil Trades: In addition to entry times that happen on stock market indices I am looking for moves after 9.00 am and 1.30 pm
  • 2.45 am LONG
  • 4.41 am LONG
  • 6.23 am LONG
  • 9.05 am SHORT
  • 2.40 am SHORT
S&P and FDAX traded lower but no short target got reached. Nasdaq, Euro and Crude Oil also traded lower and they reached their pivot points. Bonds where already at a short target at the 9.30 am open but they traded even lower far below the last short target.

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