Thursday, December 9, 2010

9th December Thursday





FDAX:
Strategy for trading on thursday is to enter low risk trend trades after 3.15 am, 4.00 am, 5.30 am, 7.15 am, 8.30 am, 9.30 am, 10.30 am

after 3 am
: Short below 7013, Long above 7027. Looks like a trend continuation on daily chart with possible double top reverse at 7040 or a gap fill down to 6986 so a nice 30 point down move in the first hour.
  • 3.20 am SHORT
  • 3.47 am SHORT
  • 4.37 am short
  • 5.38 am LONG
  • 8.30 am LONG
after 9:30: Short below 6986, Long above 6992 or on low risk entry signal before the breakout
  • 10.03 am SHORT
  • 10.59 am LONG
Crude Oil Trades: In addition to entry times that happen on stock market indices I am looking for a move after 9.00 am and 12.00 pm
  • 2.46 am long
  • 4.00 am SHORT
  • 5.45 am LONG
  • 8.08 am LONG
  • 9.15 am SHORT
  • 10.09 am SHORT
  • 12.40 pm LONG
S&P, FDAX and Nasdaq traded lower and reached the pivot point. Bonds and Euro traded lower and reached the first short target. Crude Oil traded lower but did not reach the short target.

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