Thursday, April 7, 2011

7th 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 long if we stay above 7215 up till prior day high or 7236
. However if there is a clear sell signal I might make a short trade down to the 7186 level since the over night trend was short.
  • 3.01 am LONG (50% entry)
  • 5.30 am SHORT (above prior close till 50%)
  • 6.55 am LONG (50% entry)
  • 8.57 am SHORT (above prior close till prior low
after 9:30: Plan is to enter a long setup after 9.30 am if S&P stays above 1324,
another option would be to short the nasdaq if overall the stock market indicies are falling.

  • 9.41 am LONG (nasdaq & fdax)
  • 10.29 am SHORT (nasdaq & fdax)
Currency Trades: Plan is to trade the opening move around 8-9 am and then another trade after 9.30 am
  • 2.21 am SHORT (euro trend)
  • 7.16 am LONG (euro 50% entry)
  • 8.56 am SHORT (euro trend)
  • 9.44 am LONG (euro 50% entry)
Commodities (mainly Crude Oil) Trades: Plan is to trade the opening move around 8-9 am and then another trade after 10.30 am
  • 3.42 am LONG (50% entry)
  • 7.52 am LONG (50% of todays range entry)
  • 9.17 am SHORT (above prior high till 50%)
  • 9.51 am SHORT (above prior high till prior open)
  • 10.50 am LONG (50% entry also price bounced up 15 ticks below last close)

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