February 13, 2012

mini russell day trading strategy

The day trading strategy for the Mini-Russell uses the major bull price
channel, the AB=CD pattern structure for resistance overhead, the range from Friday,
and the trigger zone support levels below us.

If price rises above PHOD I will buy pullbacks
looking to take profit at the next level of overhead resistance.  If price falls below PLOD I will sell retracements
looking to take profit at the next level of support below us.

The 55 range chart shows us a short term bull price channel, the range from yesturday and the trigger zone support below us.  As price rises im selling if the buyers cant keep price above the PHOD, and then buying pullbacks if the buyers push and keep price above the PHOD.  If price falls lower im looking to buy the PLOD and the trigger zone support along with the channel lows.



    schooloftrade

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