February 10, 2012

Mini Russell Day Trading Strategy

The mini Russell day trading strategy uses a lot of big clues from multiple timeframes.  First the 89 Range chart shows us the AB=CD Major Reversal Zone at 832.0 and we have been selling off those highs all week. 

Russell Day Trading Strategy

The 55 range on the russell shows the Previous Day’s trading range and we are below the PLOD so our trading strategy says to sell retracements with new lower lows.

The 21 range chart on the russell shows us the bear channel and the double-top support levels below us.

Russell 21-Range Chart Strategy

And finally, the 13range chart shows us some new bear price channels which enables us to look for the best areas to sell retracements with the trigger zones defined above us as resistance.

    schooloftrade

    Click Here to Leave a Comment Below

    Leave a Reply: