Friday, May 6, 2011

6th May Friday





Stock Market Indices:

My plan is to wait since we are already at the open at the closing price of yesterdays cash session. After price reached prior swing high (7416) I might take a short trade down to prior cash market close ( 7384) and then continue trading short or up to prior day high or the daily target above 7500.
  • 2.59 am LONG
  • 4.21 am LONG
  • 5.05 am LONG
  • 7.34 am SHORT
  • 8.26 am LONG
  • 8.28 am LONG (nasdaq)
after 9:30 am: Looking forward to buy nasdaq at prior day close 2380 or todays 50% line at 2390. Fridays usually behave like the monday, so first a rally up then down and up again.
  • 9.42 am SHORT (nasdaq)
  • 10.20 am LONG (fdax & nasdaq)
  • 11.56 am SHORT (fdax)
Currency Trades: Plan is trade first short down to prior day low and then long. After 8.30 am maybe first up to prior close and then short trend continuation till target.
  • 3.07 am SHORT
  • 4.30 am LONG (pound)
  • 6.15 am LONG (pound)
  • 6.34 am SHORT
  • 8.35 am SHORT
  • 8.30 am LONG (aussie dollar)
  • 11.25 pm SHORT
Commodities (mainly Crude Oil) Trades: Plan is to trade first down and then up again. Goal for the regular session after 9.00 am is to trade long to prior close and then maybe short trend till target at 97.50 or long trend till 102.50$. Attention since fridays usually trade like mondays there might be a chance for a short trend at the end.
  • 1.57 am SHORT
  • 4.56 am LONG
  • 7.55 am LONG
  • 10.20 am LONG
  • 12.07 pm SHORT

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