Day Trading Blog: 25th January Wednesday

Wednesday, January 25, 2012

25th January Wednesday

LONG Engulfing Trade on Gold 16 R
LONG Reversal at Prior Day Low on Crude Oil 4 R
SHORT Re-Entry on 38.2% Retracement on Crude Oil 5.5 R
SHORT Re-Entry at 61.8% Retracement on Nasdaq 7 R
SHORT Below Prior Day Low on Gold 5 R
SHORT Trend Trade on Crude Oil 8.7 R
SHORT Reverse at Prior Days Target on Fdax 3.5 R

LONG Opening Trade on Fgbl, Crude Oil,
SHORT Opening Trade on Fdax, S+P

In the US Session looking forward to:
sell the S+P below 1305 (8.30 am sell setup), go long after 9.30 am (opening trade) maybe later going long on an engulfing setup
buy crude oil above 98.60, go long after 9.00 am (opening trade) maybe later going long on a long setup
buy gold and fdax after fed rate announcement

In the Morning looking forward to:
buy the Fdax on a long setup and sell at prior days high
buy the S+P above prior closing price
sell Crude Oil on rally to a fib level

1 comment:

blakebricesJanuary 25, 2012 at 1:45 PM
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First Hour Trading
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Trading Rules:

how to trade profitable? with KSE. knowledge, strategy, execution.
Knowledge: You need to buy low and sell high. So I wait for the price to first go to a prior support level on the daily, 4h, 1h chart.
Strategy: Timing is important so I trade when there is a good setup on the dax, s+p, nasdaq or oil market. My goal is to make few trades with high risk reward, that is archived by either holding a trade till the market closes or reaching a level that sets up a counter trade.
Execution: Usually there is only a 20 point risk involved, so I try to get into a prior support level on the 10 min chart and automatically set a stop and multiple take profit targets.
All the little details how to trade better are listed here but I like to keep it simple: just enter the market at prices with a target that it at least 3 times the initial risk.

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Trade at your own risk. The information provided here is for Education only and is of a general comment only and neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action.

By reading this Blog, you acknowledge and accept that all trading decisions are your own sole responsibility, and I cannot be held responsible for any losses that are incurred as a result.

There is risk of loss in trading and investing. All trade decisions are your own sole responsibility.