Monday, January 17, 2011

17th 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, 5.00 am, 6.00 am, 8.30 am, 9.30 am, 10.00 am, 10.30 am

after 3 am: Long above 7085, Short below 7079 or on Low Risk Entry Signal before the breakout. On daily charts we can see a consolidation so target is either the 50% line at 7066 or fridays close at 7105.
  • 3.45 am SHORT
  • 6.00 am LONG
  • 8.39 am SHORT
after 9:30 am: Long above 7080, Short below 7070 or on Low Risk Entry Signal before the breakout
  • 10.30 am LONG
Euro Trades: I am looking for a move after 5.30 am, 8.00-10 am,
  • 5.30 am LONG
  • 8.00 am SHORT
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.
  • 3.00 am SHORT
  • 8.55 am LONG
  • 10.02 am SHORT
Trading Centrals Prediction was:
  • Correct for the S&P because a long setup did move the price up to the 1291 target on next day.
  • Correct for the Euro because a short setup did move the price down to the 1.3250 target. (late in the evening)
  • Wrong for the Bonds because a long setup did not move the price up to the 122 target.
  • Wrong for Crude Oil because a long setup did not move the price up to the 92 target (only next day)
  • Correct for the FDAX because a long setup did move the price up to the 7108 target on next day.

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