Friday, April 8, 2011

8th 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 long trade if the price stays above 7225 or a correction down from 1334.50 (S&P) till prior days close at 1329.

  • 4.06 am SHORT (correction down to 50%)
  • 6.36 am LONG (50% entry)
after 9:30 am: S&P opened above prior day close so a gap fill short trade (till 1328.50) could be the first trade, then maybe another move up or further down. After 10.00 am it should be clear if we continue trading short or long for the rest of the day.
  • 9.39 am SHORT (nasdaq)
  • 11.32 am LONG (nasdaq & fdax)

  • 12.30 pm SHORT (nasdaq)
Currency Trades: Plan is to trade the opening move around 8-9 am and then another trade after 9.30 am
  • 3.17 am LONG (pound)
  • 5.07 am SHORT (pound)
  • 8.45 am LONG (pound)
  • 11.04 am SHORT (pound)
Commodities (mainly Crude Oil) Trades: Plan is to trade the opening move around 8-9 am and then another trade after 10.30 am
  • 3.46 am LONG
  • 7.43 am SHORT
  • 9.00 am SHORT
  • 10.38 am LONG
  • 12.07 pm LONG
  • 2.00 pm LONG

    No comments:

    Post a Comment