Wednesday, February 9, 2011

9th February 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 7341, Short below 7322 or on low risk entry signal before the breakout. Correction on Daily Chart so target is either 50% at 7309 or the double top at 7340 with possible continuation above prior day high.
  • 3.04 am LONG (till prior high at 7341)
  • 3.42 am SHORT (till prior cash market close at 7317)
  • 5.20 am SHORT (till prior cash market close at 7317)
after 9.30 am: Short below 7328, Long above 7333.
  • 9.34 am LONG
  • 11.15 am SHORT
Euro Trades: I am looking for a move after 3.00 am, 5.30 am, 7.00 am - 8.00 am, 10-11 am
  • 2.30 am SHORT (till current open at 1.3622)
  • 5.47 am SHORT (till prior low at 1.3590)
  • 7.56 am LONG (till prior high 1.3680)
  • 11.03 am SHORT (till 38.20% at 1.36660)
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
  • 5.00 am SHORT (till 50% at 87)
  • 8.34 am LONG
  • 9.54 am LONG (till swing high at 87.70 )
  • 10.42 am SHORT (till close)
  • 1.05 pm LONG (till 50% 87.24)

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