March 23, 2012
- in Uncategorized by schooloftrade
day trading strategy uses the middle of trading ranges as a big red flag
Day trading strategy for Crude Oil futures
The 89 range chart shows us the bear price channel and a
recent higher low and lower high creates a price wedge structure. The price wedge is a big clue on a Friday morning
considering we may not have all the volume we are used to during the week, so
look for fake-out breakouts with the price wedge.
recent higher low and lower high creates a price wedge structure. The price wedge is a big clue on a Friday morning
considering we may not have all the volume we are used to during the week, so
look for fake-out breakouts with the price wedge.
The day trading strategy for the euro
The euro 89 range chart shows us a price wedge structure,
and the sellers just took it off the highs as the buyers failed to successfully
hold above the price wedge. Price dropped
below the PHOD signaling the sellers in control, and now we need to buy the
lows of the price wedge and sell the highs of the price wedge.
and the sellers just took it off the highs as the buyers failed to successfully
hold above the price wedge. Price dropped
below the PHOD signaling the sellers in control, and now we need to buy the
lows of the price wedge and sell the highs of the price wedge.
Day trading strategy for gold futures
Gold futures is trading in a very narrow price wedge structure
after prices tumbled on Thursday and then came right back up into the same
range. This tells me that the price
wedge is strong, the price action lacks conviction, and we need to be ba
careful on a Friday when a market like gold futures gets sloppy and people are
emotional about trading it we can get into trouble trying to be a scalper or
trade with short term targets and stops.
after prices tumbled on Thursday and then came right back up into the same
range. This tells me that the price
wedge is strong, the price action lacks conviction, and we need to be ba
careful on a Friday when a market like gold futures gets sloppy and people are
emotional about trading it we can get into trouble trying to be a scalper or
trade with short term targets and stops.
Day trading strategy for E-Mini-Russell
We have the major bull price channel and we have major
support listed at the lows of both channels. We are in the middle of Thursday’s
trading range, and we can see a short term trend line running right up the
middle using the swing low at the PLOD.
support listed at the lows of both channels. We are in the middle of Thursday’s
trading range, and we can see a short term trend line running right up the
middle using the swing low at the PLOD.
In the middle of ANY range we assume things to be sloppier
than normal, so right away we know there’s some challenges ahead. We also know that if we stay inside the range
from Thursday the market personality will remain the same, fade-the-breakouts buy
the lows and sell the highs. If the
price breaks above PHOD or below the PLOD we will see a dramatic change in market
personality and we will get decent trading opportunities this morning.
than normal, so right away we know there’s some challenges ahead. We also know that if we stay inside the range
from Thursday the market personality will remain the same, fade-the-breakouts buy
the lows and sell the highs. If the
price breaks above PHOD or below the PLOD we will see a dramatic change in market
personality and we will get decent trading opportunities this morning.
