Friday, February 4, 2011

4th February Friday




FDAX:
Strategy for trading on fridays is to enter low risk trend trades after 3.00 am, 4.00 am, 5.00 am, 8.00 am or 8.45 (on news days), 9.00 am, 10.00 am, 11.00 am and 1.00 pm

after 3.00 am: Long above 7218 Short below 7214 or on Low Risk Entry Signal before the breakout. On Daily Chart we had an oops setup yesterday so looking forward for long continuation till at least 7250 but before we might have a pullback to 7200 for a better entry price.
  • 3.25 am SHORT (till target prior swing high at 7200)
  • 4.10 am LONG (till prior close at 7222 )
  • 5.55 am SHORT (till todays open at 7213)
  • 7.38 am LONG (till 7230)
  • 8.35 am SHORT (till prior cash market close at 7193)
after 9:30 am: Short below 7209, Long above 7215 or on Low Risk Entry Signal before the breakout
  • 10.32 am SHORT (till low at 7193)
  • 11.07 am LONG (till high at 7236)
Euro Trades: I am looking for a move after 1.30 am, 4.00-5.00 am, 8.30 am, 10.00 am
  • 2.52 am SHORT (till prior day swing low at 1.3605)
  • 5.16 am SHORT (till swing low at 1.3616)
  • 8.21 am LONG (till prior day swing high at 1.3640)
  • 8.36 am SHORT (till target at 1.3515)
  • 9.45 am SHORT (till target at 1.3515)
Crude Oil Trades: In addition to entry times that happen on the stock market indices I am also looking for moves after 8.00 am, 10.00, 12.00 am
  • 5.32 am SHORT (till prior close at 90.60)
  • 7.50 am LONG (till swing high at 91.78)
  • 9.00 am LONG (till swing high at 91.78)
  • 10.35 am SHORT
Trading Centrals Prediction was:
  • Correct for the S&P because a short setup did move the price down to the 1277 target.
  • Correct for the Euro because a short setup did move the price down to the 1.3575 target.
  • Correct for Crude Oil because a long setup did move the price up to the 89 target.
  • Correct for the FDAX because a short setup did move the price down to the 7060 target (on monday).

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