Tuesday, February 1, 2011

1st February Tuesday





FDAX:
Strategy for trading on tuesdays is to enter low risk trend trades after 3.00 am, 4.00 am, 5.00 am, 8.20 am, 9.00 am, 10.20 am

after 3 am: Long above 7141 Short below 7122 or on low risk entry signal before the breakout. Oops Short Setup on
Daily Chart if we break below prior close (7105) but also long continuation pattern (hammer) so looking forward to hold the long position till close or US market open.

  • 4.00 am SHORT (till prior high at 7116)
  • 4.50 am LONG (till prior swing high at 7175)
  • 9.10 am LONG
after 9:30 am: Short below 7148, Long above 7160 or on low risk entry signal before the breakout. Trend Continuation on Daily Chart so looking forward to hold the position till the close.
  • 9.33 am LONG (till close)
Euro Trades: I am looking for a move after 3.00 am, 4.00 am, 9.00 am, 10.20 am
  • 2.59 am SHORT (till prior open at 1.3696)
  • 4.19 am LONG (till target at 1.3760)
  • 7.11 am SHORT
  • 9.05 am LONG
  • 10.23 am LONG (till target at 1.3805)
Crude Oil Trades: In addition to entry times that happen on stock market indices I am looking for moves after 5.00 am, 8.00 am - 9 am and 10 am
  • 3.06 am SHORT (till 50% at 90.61)
  • 5.15 am SHORT (till 8 am)
  • 8.30 am SHORT
  • 9.00 am LONG (till swing high at 92,22)
  • 10.01 am SHORT (till 50% at 90,60)
  • 1.30 pm SHORT (till 50% at 90,60)
Trading Centrals Prediction was:
  • Correct for the S&P because a long setup did move the price up to the 1304 target.
  • Correct for the Euro because a long setup did move the price up to the 1.3805 target.
  • Wrong for Crude Oil because a long setup did not move the price up to the 93 target
  • Correct for the FDAX because a long setup did move the price up to the 7189 target.

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