Tuesday, September 29, 2009

29th September



New Positions:
  • Natural Gas short
  • AUDUSD long
Closed Positons:
  • GBPUSD short 400 Pips
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2 comments:

  1. SaraivaSeptember 29, 2009 at 7:04 PM

    Hi do you look for diferent times in a day to make an entry. ex: only after europe session starts...etc? Could you please give an basic fundamental view of your trades please...so that i can understand your point of view?

    Thanks

    Saraiva

    ReplyDelete
  2. daxdaytraderSeptember 30, 2009 at 11:32 AM

    today (on the 30th of september) I posted a screenshot of an entry to a crude oil long trade.
    as it makes no sense to enter a crude oil swing trade before the news on 10.30 am (eastern time) I wait for this event and then enter above a 30 min bar. So I was mentally prepared to go long (even 2 days ago) but to avoid getting stopped out I waited for the optimal entry.

    For the S&P market the optimal entry is usually after a news release on 8.30 am, usually first friday of the month (non-farm payrolls)

    For gold and bonds days where the FED announces interest rates changes (2.15 pm) are quite good to start a swing trade.

    Currencies are highly affected by economic news, so early in the morning its most safe to enter a new swing trade.

    Hope this information helps you.
    I will try to post the blog updates when I am entering the trades...

    ReplyDelete

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