April 16, 2013
- in Uncategorized by schooloftrade
Mini Russell Day Trading Prep
9:30am EST
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| Mini Russell Weekly |
Mini-Russell
weekly chart shows us a bull price-channel and we are testing the weekly buy-zone
of 908.5. this tells us two things. First, if price-action keeps moving lower we
will have higher-risk selling opportunities as we move to the lows of the buy-zone
at 889.5. Furthermore, a break to new lower-lows
below the 889.5 we can then sell short down to the trigger-zone at 852.8 just
beware the lows of the bull price-channel may hold as support. If price-action moves higher we know to be
buying pullbacks on our entry timeframes this morning. Join us HERE.
weekly chart shows us a bull price-channel and we are testing the weekly buy-zone
of 908.5. this tells us two things. First, if price-action keeps moving lower we
will have higher-risk selling opportunities as we move to the lows of the buy-zone
at 889.5. Furthermore, a break to new lower-lows
below the 889.5 we can then sell short down to the trigger-zone at 852.8 just
beware the lows of the bull price-channel may hold as support. If price-action moves higher we know to be
buying pullbacks on our entry timeframes this morning. Join us HERE.
 |
| Mini Russell Daily |
The 4-hour
chart of the Mini-Russell shows us the double-top support has been tested at
902.1 along with the major buy-zone at 901.7 and 899.5. This tells us to expect rising prices in the
short term this morning as price-action attempts to re-test the double-top levels
above at 951.0.
chart of the Mini-Russell shows us the double-top support has been tested at
902.1 along with the major buy-zone at 901.7 and 899.5. This tells us to expect rising prices in the
short term this morning as price-action attempts to re-test the double-top levels
above at 951.0.
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| Mini Russell 30-Minute |
The
30-Minute chart on the Mini-Russell shows us we’ve tested the short term sell-zone
at 912.9 and we know to look for a buying opportunity above the 914.5. If we can get long above 914.5 we will buy pullbacks
using our Entry-Trigger Indicator to get long up to a profit-target at 925.9,
the next sell-zone. Join us HERE.
30-Minute chart on the Mini-Russell shows us we’ve tested the short term sell-zone
at 912.9 and we know to look for a buying opportunity above the 914.5. If we can get long above 914.5 we will buy pullbacks
using our Entry-Trigger Indicator to get long up to a profit-target at 925.9,
the next sell-zone. Join us HERE.
 |
| Mini Russell Entry Chart |
We open the
entry timeframe tick chart and we can see the short term double-top which has provided
us with support and a buy-zone from 910.1 down to 907.1. If we move higher from here we expect a
re-test of the double-top itself around 914.0 area. If we go lower below 907.1 we then will
assume the sellers are in control and we will sell short down to a profit-target
at the 905.0 LOD and trigger-zone highs, and then a final runner profit-target at
the PLOD at 895.5. Join us HERE.
entry timeframe tick chart and we can see the short term double-top which has provided
us with support and a buy-zone from 910.1 down to 907.1. If we move higher from here we expect a
re-test of the double-top itself around 914.0 area. If we go lower below 907.1 we then will
assume the sellers are in control and we will sell short down to a profit-target
at the 905.0 LOD and trigger-zone highs, and then a final runner profit-target at
the PLOD at 895.5. Join us HERE.
