Wednesday, April 20, 2011

20th April Wednesday







Stock Market Indices:
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 10.30 am.

Plan is to either trade a long trend continuation till 7200 or swing high at 7262.5 or short down to at least 7085.
  • 3.00 am LONG
  • 4.41 am LONG
after 9.30 am: Plan is to watch the nasdaq go down since S&P already reached its daily goal at 1327. Nasdaq long might be possible when S&P is below 1322 or after 10.00 am.
  • 10.02 am LONG (nasdaq)
  • 10.30 am SHORT (fdax)
  • 2.25 pm LONG (nasdaq)
Currency (mainly euro) Trades : Plan is to trade the opening move around 8-9 am and then another trade after 10.30 am
  • 3.27 am LONG
  • 4.30 am SHORT (pound)
  • 9.25 am SHORT
  • 10.18 am SHORT
  • 11.56 pm SHORT
Commodities (mainly Crude Oil) Trades: Plan is to trade the opening move around 8-9 am and then another trade after 10.30 am
  • 3.27 am LONG
  • 8.12 am LONG
  • 8.57 am SHORT
  • 10.02 am LONG
  • 10.51 am LONG
  • 2.27 pm LONG

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