July 11, 2013
- in Uncategorized by schooloftrade
Mini-Russell Sideways Day Trading Strategy
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This morning we opened our Live Trade
Room and began our morning prep like we always do.
This morning we found a sideways-trading-range
on the Mini Russell and we used this range-bound market-personality to tell us
exactly where to be looking for a trade today.
This morning we opened our Live Trade
Room and began our morning prep like we always do.
This morning we found a sideways-trading-range
on the Mini Russell and we used this range-bound market-personality to tell us
exactly where to be looking for a trade today.
 |
| Mini-Russell 60-Minute |
The first chart we used was a
60-minute anchor chart. We found a bullish
price channel over the last 3 months, but the short-term trend was
clearly trading sideways. We concluded
that the Mini Russell was trading in a sideways-trading-range on our anchor chart,
so we then moved to the entry chart to confirm this market-personality.
60-minute anchor chart. We found a bullish
price channel over the last 3 months, but the short-term trend was
clearly trading sideways. We concluded
that the Mini Russell was trading in a sideways-trading-range on our anchor chart,
so we then moved to the entry chart to confirm this market-personality.
 |
| Mini-Russell 13-Range |
The second chart we used was a
13-range entry chart. We found the same sideways-trading-range and
range-bound market-personality
on this faster timeframe as well, and this gave us the confidence to begin
looking for the best entry location for the trade.
13-range entry chart. We found the same sideways-trading-range and
range-bound market-personality
on this faster timeframe as well, and this gave us the confidence to begin
looking for the best entry location for the trade.
 |
| Mini-Russell 8-Range |
The third chart we used this morning
was our fastest entry chart, which was the 8-range chart.
We looked for the entry patterns
on this chart, and we didn’t have to look very hard. Shortly after the opening-bell at 9:30am EST we
got our first trade short off the highs.
By the end of the morning we had trading opportunities to sell the
highs, and buy the lows 3 times.
was our fastest entry chart, which was the 8-range chart.
We looked for the entry patterns
on this chart, and we didn’t have to look very hard. Shortly after the opening-bell at 9:30am EST we
got our first trade short off the highs.
By the end of the morning we had trading opportunities to sell the
highs, and buy the lows 3 times.
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