Friday, April 29, 2011

29th April Friday





Stock Market Indices:
Strategy for trading on fridays is to enter low risk trend trades after 3.00 am, 4.00 am, 6.20 am, 8.30 am (on news days), 9.00 am, 10.00 am, 11.00 am

My plan is to make a short trade
from prior close down to thursdays high (7485) and
then to go long till thursdays high (over 7515)
  • 3.11 am SHORT
  • 4.55 am LONG
  • 6.05 am LONG
  • 8.39 am SHORT
after 9:30 am: Looking forward to buy nasdaq at 2402 up to prior swing high at 2409
  • 9.30 am LONG (nasdaq)
  • 9.21 am LONG (fdax)
Currency Trades: Plan is to trade the opening move around 8-9 am and then another trade after 9.30 am.
First short down and then long.
  • 4.00 am LONG (swiss franc)
  • 4.20 am LONG
  • 5.20 am SHORT (pound)
  • 8.08 am SHORT (canadian dollar)
  • 10.06 am LONG
  • 11.05 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. Goal is to only make a trade after the short opening move down to prior close when price either reached 113.40 or 111.69.
  • 3.00 am SHORT
  • 4.51 am LONG
  • 7.11 am LONG
  • 8.50 am SHORT
  • 11.30 am LONG

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