March 1, 2012
- in Uncategorized by schooloftrade
1100am EST day trading strategy up-date:
E-Mini-Russell trading in the middle
of the price wedge and we can buy pullbacks above 821.0 which is above the trigger-zone resistance,
and is considered high-risk because we’re dead center of the price wedge. Id rather wait for the price wedge sell the
highs or buy the lows/support when price gets to the extremes.
of the price wedge and we can buy pullbacks above 821.0 which is above the trigger-zone resistance,
and is considered high-risk because we’re dead center of the price wedge. Id rather wait for the price wedge sell the
highs or buy the lows/support when price gets to the extremes.
Gold futures trading at the price
wedge highs so we sell the highs of the price wedge and take profit at the price
wedge lows as support around 11.9. we can sell the highs
of the price wedge and take profit at the major support levels below us, then
look to buy the price wedge lows once price moves to the bottom of the range,
making sure to avoid the middle.
wedge highs so we sell the highs of the price wedge and take profit at the price
wedge lows as support around 11.9. we can sell the highs
of the price wedge and take profit at the major support levels below us, then
look to buy the price wedge lows once price moves to the bottom of the range,
making sure to avoid the middle.
Euro currency futures are trading on
top of the PLOD just as it was at 800am this morning and the issue with sitting like this
for a long period time tells us to beware that the market personality is going
to be sluggish. We need the dollar index
to move with consistency in order to get the euro moving as well. We have key support below us at 1.3300 so
selling the retracements are higher risk until we get a new lower-lows, and
buying above the PLOD is risky until we get above the 34range trigger-line and
then we can expect price to move.
top of the PLOD just as it was at 800am this morning and the issue with sitting like this
for a long period time tells us to beware that the market personality is going
to be sluggish. We need the dollar index
to move with consistency in order to get the euro moving as well. We have key support below us at 1.3300 so
selling the retracements are higher risk until we get a new lower-lows, and
buying above the PLOD is risky until we get above the 34range trigger-line and
then we can expect price to move.
Crude oil trading very sloppy at the PHOD
with overhead resistance at 108.00 in the form of a trigger-zone overhead.
We’ve seen crude oil sit inside this range all morning and that’s concerning
without any market personality. We will
sell retracements below the PHOD specifically below the 107.24 and 106.99 will
be the high-percentage trades short. Sell
the highs of the price wedge on crude oil and look to take some profit at the LOD 106.55
before letting it tumble.
with overhead resistance at 108.00 in the form of a trigger-zone overhead.
We’ve seen crude oil sit inside this range all morning and that’s concerning
without any market personality. We will
sell retracements below the PHOD specifically below the 107.24 and 106.99 will
be the high-percentage trades short. Sell
the highs of the price wedge on crude oil and look to take some profit at the LOD 106.55
before letting it tumble.
