Monday, January 10, 2011

10th January Monday




FDAX:
Strategy for trading on mondays is to enter low risk trend trades after 3.00 am, 3.30 am, 4.30 am, 5.30 am, 9.00 am, 9.30 am, 10.30 am

after 3 am: Long above 6950, Short below 6946 or on Low Risk Entry Signal before the breakout. On daily charts we can see a trend continuation below prior days low or a gap fill and then an oops long setup.
  • 3.23 am SHORT
  • 5.03 am SHORT
  • 8.37 am SHORT
after 9:30 am: Double bottom at 6853 on Daily Chart, but since S&P also might first do a gap fill its likly to see at least one small rally and then maybe another sell off. Long above 6903, Short below 6980 or on Low Risk Entry Signal before the breakout
  • 9.51 am SHORT
  • 10.25 am LONG
Crude Oil: In addition to entry times that happen on stock market indices I am looking for moves after 4.00 am, 9.00 am, 10.00 am or 11 am and 2.00 pm.
  • 9.03 am LONG
  • 9.19 am SHORT
  • 10.27 am LONG

  • 2.10 am SHORT
Trading Centrals Prediction was:
  • Correct for the S&P because a long setup did move the price up to the 1270 target (on next day).
  • Correct for the Euro because a short setup did move the price down to the 1.2750 target.
  • Correct for the Bonds because a long setup did move the price up to the 122 target.
  • Correct for Crude Oil because a short setup did move the price down to the 88.50 target.
  • Correct for the FDAX because a short setup did move the price down to the 6952 target.

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