Wednesday, January 26, 2011

26th January Wednesday




FDAX:
Strategy for trading on wednesday is to enter low risk trend trades after 3.00 am, 3.30 am, 4.00 am, 5.00 am, 8.00 am, 9.00 am and 10.00 am.

after 3.00 am: Long above 7105, Short below 7094 or on low risk entry signal before the breakout. Long Trend Continuation on Daily Chart.
  • 3.17 am LONG (till prior day high)
  • 4.02 am LONG (till 7154 range extension)
  • 5.20 am LONG (till daily swing high at 7181)
  • 9.12 am LONG (till swing high at 7160)
after 9.30 am: Short below 7133, Long above 7138. On daily chart reached already the daily goal so a double top at 7189 and sell off is more likely.
  • 10.22 am LONG (till swing high at 7158)
Euro Trades: I am looking for a move after 3.00 am, 5.30 am, 7.00 am - 8.00 am, 10-11 am
  • 3.06 am LONG (till 1.3700)
  • 7.30 am SHORT (oops setup till 50% at 1.3628)
  • 10.13 am LONG
  • 12.27 pm SHORT
Crude Oil Trades: In addition to entry times that happen on stock market indices I am looking for moves at 4.00 am, 8.00 am, 9.00 am, 11.00 am
  • 4.30 am LONG (till 50% at 86.98)
  • 8.27 am SHORT (gap fill till 86.25)
  • 9.13 am SHORT (till pivot at 86)
  • 10.51 am SHORT(till swing high at 86.88)
  • 1.00 PM LONG (till target at 87.50)
Trading Centrals Prediction was:
  • Correct for the S&P because a short setup did not move the price down to the 1296 target.
  • Wrong for the Euro because a long setup did not move the price up to the 1.3735 target (only next morning it reached the target).
  • Correct for Crude Oil because a short setup did move the price up to the 87.50 target.
  • Correct for the FDAX because a long setup did move the price up to the 7189 target (next morning)

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