Friday, January 21, 2011

21th January Friday







FDAX:
Strategy for trading on fridays is to enter low risk trend trades after 3.00 am, 4.00 am, 5.00 am, 6.30 - 7.00 am, 8.00 am or 8.45 (on news days), 9.00 am, 10.00 am and 1.00 pm

after 3.00 am: Long above 7067 Short below 7060 or on Low Risk Entry Signal before the breakout. On Daily Chart we had a hammer yesterday so looking forward to short the 50% line at 7054 or the fdax close at 7066 with short targets at 7035 or 7020. After the double bottom we might go long above 7067 up to prior day high at 7095 or 7112,5 target.
  • 3.08 am long (fdax gap fill till 7060)
  • 3.15 am SHORT (cash market gap fill till 7035)
  • 4.54 am LONG (oops till prior open)
  • 6.30 am LONG (oops till prior high)
  • 9.11 am LONG (above prior high till 7125)
after 9:30 am: Short below 7095, Long above 7103 or on Low Risk Entry Signal before the breakout
  • 10.03 am SHORT (s&p gap fill after target was reached till 7064)
Euro Trades: I am looking for a move after 1.30 am, 4.00-5.00 am, 8.30 am, 10.30 am
  • 2.00 am LONG (till 1.3545 target)
  • 4.00 am SHORT (60 min timing till 1.3500)
  • 8.46 am LONG (till 1.3570)
  • 10.38 am LONG (till 1.3600)
Crude Oil Trades: In addition to entry times that happen on the stock market indices I am also looking for moves after 8.00 am, 10.00, 12.00 am
  • 8.00 am SHORT (donchian channel break till 89.30)
  • 10.06 am SHORT (till 88.60)
Trading Centrals Prediction was:
  • Correct for the S&P because a long setup did move the price up to the 1287 target.
  • Correct for the Euro because a long setup did move the price up to the 1.3570 target.
  • Wrong for the T-Bond because a short setup did not move the price down to the 119,08 target.
  • Correct for Crude Oil because a short setup did move the price down to the 89.30 target.
  • Correct for the FDAX because a long setup did move the price up to the 7125 target

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