Monday, May 16, 2011

16th May Monday

Todays Plans:
  • Plan for the FDAX is to trade short down to the swing low at 7300 and / or to trade the correction to prior cash markt closing price (long up to 7410).
  • Plan for trading crude oil is to trade the correction up to prior cash market closing price (99.67) and then short down to 96.89
  • Plan for trading the euro is trade a long position 150 or 280 pips higher than current day low (so exit at around 1.4202 or 1.4322)
  • Plan for trading the bund is to trade a short position down to 124.03
  • Plan for trading the nasdaq is to go long at the open to reach prior days close and then trade short down to 2338.







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