Wednesday, December 8, 2010

8th December 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, 8.10 am, 9.00 am and 10.30 am.

after 3.00 am: Short below 6980, Long above 6985 or Reversal at 6956 or on low risk entry signal before the breakout. First down to Prior Day Low Price then maybe a rally to the double top.
  • 3.03 am LONG
  • 3.55 am short
  • 4.16 am LONG
  • 5.40 am SHORT
  • 8.20 am LONG
after 9.30 am: Short below 6988, Long above 7000
  • 9.54 am SHORT
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
  • 4.36 am LONG
  • 8.23 am LONG
  • 10.00 am SHORT
  • 11.48 am LONG
S&P and Nasdaq reversed at the pivot point and traded lower but did not reach any target, however I was able to exit my positions at prior day low. Crude Oil and Bonds also traded lower but only Bonds reached the low target. Euro was too volatile and did not have a low risk entry signal.

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