Wednesday, February 2, 2011

2nd Febuary 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 7212, Short below 7212 or on low risk entry signal before the breakout. Long Trend Continuation on Daily Chart.
  • 3.04 am LONG
  • 3.58 am SHORT (till prior cash market close 7187)
  • 5.20 am LONG (till swing high at 7207)
  • 8.02 am SHORT (till 50% at 7159)
after 9.30 am: Short below 7181, Long above 7192. On daily chart we have an oops setup so first target is the 50% line at 7159 or a test of the opening price at 7202.
  • no setup
Euro Trades: I am looking for a move after 3.00 am, 5.30 am, 7.00 am - 8.00 am, 10-11 am
  • 3.30 am SHORT (till prior close at 1.3812)
  • 5.30 am LONG
  • 6.32 am SHORT (till 50% at 1.3776)
  • 10.51 am SHORT (till prior open at 1.3743)
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
  • 5.30 am LONG (till 50% at 91.38)
  • 8.27 am LONG (till 50% at 91.38)
  • 9.51 am LONG (till 61,8% at 91,64 )
  • 11.09 am SHORT (till prior low at 90.32)
  • 1.00 pm LONG (till open at 91.25)
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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