Tuesday, February 8, 2011

8th January 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 7290 Short below 7277 or on low risk entry signal before the breakout. Oops Short Setup on
Daily Chart if we break below prior close (7284) but also long continuation possible so looking forward to hold the long position till close or US market open.

  • 3.55 am LONG (till 7321)
  • 4.40 am LONG (till 7321)
  • 5.41 am SHORT
  • 8.29 am LONG (till 7354)
after 9:30 am: Short below 7303, Long above 7303 or on low risk entry signal before the breakout. Trend Continuation on Daily Chart so looking forward to hold the position till the close.
  • 9.35 am SHORT (till current open at 7289)
  • 10.19 am LONG (till target at 7354)
Euro Trades: Setup above prior day close = long continuation till target. I am looking for a move after 3.00 am, 4.00 am - 5.00 am, 7.00 am, 9.00 am, 10.20 am
  • 3.53 am SHORT (till prior high at 1.3586)
  • 5.02 am LONG (till target at 1.3650)
  • 7.00 am SHORT
  • 10.21 am LONG (till target at 1.3692)
Crude Oil Trades: Setup below prior day close = short continuation but since we are already oversold we might first see a gap fill. I am looking for moves after 5.00 am, 8.00 am - 9 am and 10 am
  • 4.50 am SHORT (till 8 am or target at 85.74)
  • 9.01 am LONG (till prior day close at 87.50)
  • 10.01 am LONG (till 38.2% at 88)
  • 12.34 pm SHORT (till close)

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