Thursday, March 17, 2011

17th March Thursday




Stock Market Indices:
Strategy for trading on thursday is to enter low risk trend trades after 3.00 am, 4.00 am, 5.00 am, 8.00 am, 9.00 am, 10.00 am, 11 am

Plan is to go long if we stay above 6545 till we have reached 50% at 6573 or prior day swing low at
6607. Alternative we drop below 6536 to fill the gap down at 6438.
  • 3.14 am LONG
  • 4.16 am SHORT
  • 5.30 am SHORT
  • 7.47 am LONG
  • 8.41 am LONG
after 9:30: Plan is to enter a long setup after 9.30 am if S&P breaks above prior day high,
another long entry point might be the 50% level at
1265. Later we might also sell off again on a double top with target S&P hitting prior day 50% level and then have a final rally.
  • 10.06 am LONG
  • 11.10 am SHORT
Currency Trades: I am looking for a move after 3.00 am, 5.00 am, 7.30 am, 8.00 am, 10.00 am, 11.00 am
  • 3.06 am LONG
  • 8.21 am SHORT
  • 10.41 am LONG
Commodities (mainly Crude Oil) Trades: I am looking for a move after 4.00 am, 5.00 am, 8.00 am, 9.00 am, 10 am, 11 am and 12.00 pm
  • 3.31 am LONG
  • 9.00 am SHORT
  • 9.49 am LONG
  • 11.36 am LONG
  • 1.18 pm LONG

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