July 11, 2012

E-Mini Russell Technical Analysis for Professional Traders

1000am EST

The E-Mini-Russell has two bullish channels, one
long term, and the other short term. 

This bullish price channel tells me the high-percentage trades come when
we buy at support.  We can buy the
lows/support of the price channel, or as price rises we can buy pullbacks using
our wave-pattern.  

We can see the INSIDE
DAY above the PLOD and below the PHOD and with the bullish price wedge we know
that the high-percentage trades will occur buying at the PLOD, buying the trigger-zone
support below the PLOD, and buying the price channel lows.  In the short term we can sell short with the
target of getting down to the PLOD because that price magnet will drag price
lower in the long run.  We don’t have a
lot of market personality on the E-Mini-Russell so we need to be patient and
really wait for the when ‘wakes up today’.

    schooloftrade

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