Wednesday, April 27, 2011

27th 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 trade a long trend continuation so entry either below prior day close, swing low (7374) or at 50% level (7345)
  • 3.17 am SHORT
  • 4.32 am LONG
  • 8.30 am LONG
after 9.30 am: Plan is to watch the nasdaq go down since S&P already reached its prior day high. Nasdaq long might be possible at 2391 or 2387 or after 12.30 pm fed news. Goal: Get a swing long position below 2391
  • 9.47 am LONG (nasdaq)
  • 10.01 am SHORT (fdax & nasdaq)
  • 11.29 am LONG (fdax)
  • 12.37 pm LONG (nasdaq)
  • 2.52 pm LONG
Currency (mainly euro) Trades : Plan is to trade the opening move around 8-9 am and then another trade after 10.30 am. Goal get a swing long postion beloww 1.4630
  • 2.30 am SHORT (pound)
  • 4.04 am LONG
  • 4.30 am LONG (pound)
  • 8.40 am LONG (pound)
  • 9.00 am LONG
  • 10.10 am SHORT
  • 12.34 pm LONG
Commodities (mainly Crude Oil) Trades: Plan is to trade the opening move around 8-9 am and then another trade after 10.30 am. Goal get a swing long postion below 111.53 $
  • 2.00 am SHORT
  • 4.28 am LONG
  • 7.40 am SHORT
  • 9.00 am LONG
  • 9.56 am SHORT
  • 10.59 am LONG
  • 1.47 pm LONG

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