Wednesday, October 26, 2011

26th October Wednesday

LONG Breakout trade on the Fdax: 2.8 R
SHORT Breakout trade on the Nasdaq: 2 R
SHORT Trend trade on CL: 10.7 R
SHORT Reversal Trade on Fdax: 3.2 R
LONG Breakout trade on the
Nasdaq: 4 R

The long breakout trade on the FDAX in the morning was profitable
as well as the reversal short trade after 10 am. GBPUSD long trade with target 1.6060 still on.






Pullback to 50% line

The only short signal for the FDAX today:



Like yesterday first the engulfing short signal at value area high, followed by a break below the low of the prior two bars on the S&P





Waiting for long entry on GBPUSD maybe like
yesterday after all news events there is a low risk entry...

My Plan is trade the FDAX long up to 6091 and then looking for short setups
to trade down to 5966.

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