Friday, October 28, 2011

28th October Friday

LONG Breakout trade on CL: 2.6 R
LONG Breakout trade on Nasdaq: 2 R
10 am LONG trade on Cl: 2 R
10 am LONG trade on Nasdaq: 2 R
LONG Trend trade on Nasdaq: 2.4 R
LONG Trend trade on Crude Oil: 4.5 R
SHORT Reversal trade on FDAX: 6.6 R
LONG Reversal trade on FGBL: 3 R



Emotionally I have to say I like better the faster moving markets,
I have to focus on executing the setups rather than hoping for the market to
perform a certain action and also consider a breakeven trade a winning trade.

Technically I learned to exit the 10 am long trade at the high of prior 30 min bar
and how to trade reversals on double tops.

S&P Strategy Entry Stop 1st Target 2nd Target
Long 1270.00 1260.75 1291.25 1300.00

A close above 1277 could trigger the long move before
price pulled back to the desired 1270 entry level.


Crude Oil Strategy Entry Stop 1st Target 2nd Target
Long 91.57 90.74 92.98 94.65

Breakout trade happend but like for the S&P I am waiting for
a better entry price or another long signal to trade up to 94.









Trend Continuation SHORT trade on Crude Oil with target 92.50:

Reversal SHORT trade on the FDAX target prior cash market closing price (6332):


USDJPY short after 7 am:






Plan is to trade the FDAX long up to 6550 and 6595,
looking forward to buy at 6355 / 6300 but if there are short setups down to these 6355 / 6300 levels I will also trade them.

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