Thursday, October 27, 2011

27th October Thursday

Summary: No Reveral SHORT Setup, Trend LONG FDAX trade reached 6430 target and EURUSD the 1.4100 target.
Re-entry long was possible after the nasdaq traded down to the 5.30 am high and a bullish engulfing signal on the S&P happend after 11 am.




Crude Oil not above prior day high and failed to make a breakout looks like a consolidation down to VWAP line at 92.70:




GBPUSD was too risky to re-enter a long trade but EURUSD traded up to 1.4056 and 1.4100 target:




Gold LONG from prior days 50% line till new high:

FDAX long again as price broke above the 6295 target and 7.30 am high:



5 am long entry and two entries at the 50 % line:


Third high on S&P signals a correction at the start but only below 1253 I consider
trading a short move down to prior days high as we dont have a 30 min bar engulfing yet.

Looking forward trade the FDAX long up to 6225 / 6285 / 6430.
Maybe there is a pullback in the 6225 to 6285 area with a short target at 6125.

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