Thursday, January 6, 2011

6th January 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 6956, Long above 6967. Inverted hammer on daily chart suggest a rally if we break above prior days high with targets 6988, 7035 and 7100, if we go first short a target is the 50% line at 6916.
  • 3.01 am LONG
  • 4.11 am LONG
  • 5.38 am LONG
  • 8.30 am SHORT
after 9:30: Short below 7033, Long above 7041 or on low risk entry signal before the breakout
Maybe first a gap fill on the S&P and then a rally to the double top.
  • 9.34 am SHORT
  • 9.59 am SHORT
  • 11.03 am SHORT
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
  • 5.24 am SHORT
  • 8.55 am SHORT
  • 9.31 am SHORT
  • 10.50 am SHORT
Trading Centrals Prediction was:
  • Wrong for the S&P as there was no long setup to move the price up to the 1277 target.
  • Correct for the Euro as a short setup moved the price down to the 1.3030 target.
  • Correct for the Bonds as a long setup (after 11 am news) did move the price up to the 120.14 target.
  • Correct for the Crude Oil as a short setup moved the price down to the 88.10 target.
  • Wrong for the Fdax as there was no long setup to move the price upto the 7080 target.

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