Friday, January 7, 2011

7th January Friday


FDAX:
Strategy for trading on fridays is to enter low risk trend trades after 3.15 am, 4.00 am, between 5.10 am and 7 am, 8.15 am or 8.45 (on news days), 9.35 am, 10.30 am and 2.30 pm

after 3.00 am: Short below 6985 Long above 6994 or on Low Risk Entry Signal before the breakout. On Daily Chart we have an inverted hammer so it looks like we continue the downtrend, ideal entry price at the 50% line at 7007.
  • 3.00 am long
  • 3.18 am SHORT
  • 6.35 am LONG
  • 8.59 am LONG
after 9:30 am: Short below 7003, Long above 7012 or on Low Risk Entry Signal before the breakout
  • 9.46 am SHORT
  • 10.44 am SHORT
  • 1.16 am LONG
Crude Oil Trades: In addition to entry times that happen on the stock market indices I am also looking for moves after 9.00 am
  • 3.20 am SHORT
  • 4.40 am LONG
  • 7.05 am LONG
  • 10.30 am LONG
  • 11.22 am SHORT
  • 2.15 pm LONG
Trading Centrals Prediction was:
  • Wrong for the S&P as a short setup did not move the price down to the 1250 target.
  • Correct for the Euro as a short setup moved the price down to the 1.2945 target.
  • Correct for the T-Bond as a long setup almost moved the price uo to the 120.26 target.
  • Correct for Crude Oil as a short setup moved the price upto the 87.50 target.
  • Correct for the FDAX as a short setup did move the price down to the 6915 target (happend monday morning).

    No comments:

    Post a Comment