April 3, 2012
- in Uncategorized by schooloftrade
E-Mini-Russell day trading strategy
We begin with the slowest timeframe 89 range chart, and this
chart used 365 days of data to find the swing high at 848.5 and then we
followed our ‘morning routine’ checklist to locate the most important levels of
support and resistance.
chart used 365 days of data to find the swing high at 848.5 and then we
followed our ‘morning routine’ checklist to locate the most important levels of
support and resistance.
We can see the bull price channel, the bull price wedge, and
we’re trading in TOP of the PHOD and the buyers have failed to push
higher. We can see the bullish nature of
this price structure so this tells us to buy at support and if price makes new higher-highs
we will buy pullbacks.
we’re trading in TOP of the PHOD and the buyers have failed to push
higher. We can see the bullish nature of
this price structure so this tells us to buy at support and if price makes new higher-highs
we will buy pullbacks.
Upon further investigation we find another clue,
the bearish AB=CD pattern, however this pattern will not be very important NOT
but now we have covered all of our bases and we feel confident to move forward.
