March 22, 2012
- in Uncategorized by schooloftrade
E-Mini-Russell day trading strategy uses advanced price structure for price channel
The E-Mini-Russell trading below the PLOD so sellers are in
control and we are selling retracements with new lower-lows as long as we are
NOT selling into support. We can see
many variations of a bull price channel and the most important price channel we
see the A, B, C, and D telling us where the advanced price structures are
setting up for buying opportunities.
control and we are selling retracements with new lower-lows as long as we are
NOT selling into support. We can see
many variations of a bull price channel and the most important price channel we
see the A, B, C, and D telling us where the advanced price structures are
setting up for buying opportunities.
The 55 range chart on the E-Mini-Russell gives us some easy
levels of support below us with new trend lines and the most recent major trigger-zone
as support around 810.0 as price drops
we are selling retracements but looking to buy at the support levels on the way
down.
levels of support below us with new trend lines and the most recent major trigger-zone
as support around 810.0 as price drops
we are selling retracements but looking to buy at the support levels on the way
down.
The 21 range chart shows us the short term bear price
channel and the AB=CD Pattern for major support. We will wait patiently to buy the lows of the
price channel and wait for the support zone to hold and start buying pullbacks with
new higher-highs above the lows of the price channel and AB=CD support.
