December 10, 2012
- in Uncategorized by schooloftrade
Mini-Russell day trading plan up-date
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| Mini-Russell day trading plan |
The Mini-Russell
is trading very slowly this morning on a Monday after NFP-Friday without any
major news.
is trading very slowly this morning on a Monday after NFP-Friday without any
major news.
We took the
time to review our pattern-time-frame, the 21-range chart, and we found a very
narrow sideways-trading-range along with a price-wedge, a double-top, and a few
symmetrical patterns such as bearish AB=CD Pattern.
time to review our pattern-time-frame, the 21-range chart, and we found a very
narrow sideways-trading-range along with a price-wedge, a double-top, and a few
symmetrical patterns such as bearish AB=CD Pattern.
The day
trading plan on the Mini-Russell does not change much from the anchor chart
plan we spoke about earlier today.
trading plan on the Mini-Russell does not change much from the anchor chart
plan we spoke about earlier today.
As price
rises I’m selling the highs of the sideways-trading-range and the highs of the price-wedge.
rises I’m selling the highs of the sideways-trading-range and the highs of the price-wedge.
As price
falls I’m buying the lows of the price-wedge, the PLOD, and the lows of the sideways-trading-range.
falls I’m buying the lows of the price-wedge, the PLOD, and the lows of the sideways-trading-range.
