September 5, 2012
- in Uncategorized by schooloftrade
Morning Mini-Russell Checklist:
Heat Map
Review:
Review:
The heat map
says we are flat, very little volatility, this tells us to be patient.
says we are flat, very little volatility, this tells us to be patient.
Overnight
Highs & Lows:
Highs & Lows:
We see lower
highs around the PHOD and we are seeing us at the highs of the multi-day
trading range. This tells us we are
bullish above 820.0 (range highs) and bearish below 819.0 (swing-low).
highs around the PHOD and we are seeing us at the highs of the multi-day
trading range. This tells us we are
bullish above 820.0 (range highs) and bearish below 819.0 (swing-low).
Inside or
Outside Day?
Outside Day?
We are
inside day, below the PHOD which means we need to buy-the-lows at support and sell-the-high
at resistance as price moves INSIDE this range.
inside day, below the PHOD which means we need to buy-the-lows at support and sell-the-high
at resistance as price moves INSIDE this range.
Find the price-structures:
· Trigger-zone is support below us
· AB=CD Pattern is bearish above us
840.0
840.0
· Price-wedge is bullish, and we are at
the highs.
the highs.
· Price-channel is bullish in the long
term and we are in the middle of that price-channel.
term and we are in the middle of that price-channel.
· Sideways Trading Range from 826.8
down to 800.7 big-round-number
down to 800.7 big-round-number
Where
will a reversal be likely today?
will a reversal be likely today?
The price-reversal
is likely around the PHOD and the PLOD.
is likely around the PHOD and the PLOD.
What is
our trading plan for today?
our trading plan for today?
Is to wait
patiently for some better market personality.
All the markets are feeling very inconsistent this morning, and the Mini-Russell
is sitting here flat.
patiently for some better market personality.
All the markets are feeling very inconsistent this morning, and the Mini-Russell
is sitting here flat.
