Thursday, April 28, 2011

28th April 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, 1 pm

Plan is to go first short from prior day high (74
79) down possible buy areas: 7456 (swing high), 7426 (50%), going long from there the price should go up to at least the opening price or above prior day high. Goal is to get at least 20 points from the down move.
  • 2.33 am SHORT
  • 3.46 am SHORT
  • 5.30 am SHORT
after 9:30: Plan is to enter a long setup after 9.30 am as the fdax approaches the opening minute with higher highs and higher lows, Goal is to get at least 10 points from the up move. Nasdaq looks not as strong so maybe after 10.00 am a sell is possible.
  • 9.30 am LONG (fdax)
  • 10.17 am SHORT (nasdaq)
  • 10.46 am LONG (nasdaq)
  • 11.37 am SHORT (nasdaq)
  • 1.44 pm LONG (nasdaq)
Currency Trades: Plan is to trade the opening move around 8-9 am and then another trade after 9.30 am
  • 2.36 am SHORT (pound)
  • 3.08 am SHORT (pound)
  • 6.10 am SHORT
  • 9.30 am 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 is to go long after 10 am and hold the position till prior day high and then like yesterday maybe reverse for another short trade.
  • 4.27 am SHORT
  • 5.50 am LONG (bund)
  • 9.31 am LONG
  • 10.30 am LONG (natural gas)
  • 10.36 am LONG
  • 11.36 am SHORT
  • 1.49 pm LONG

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