March 7, 2012
- in Uncategorized by schooloftrade
Day trading strategy for E-Mini-Russell
Our day trading strategy for the E-Mini-Russell uses the 89
range chart to show us the highest percentage areas we can use this
morning. We can see the major AB=CD
pattern so swing traders are selling retracements as we make new lower-lows. Day traders are looking to buy these lows as
support and then sell the highs as resistance.
range chart to show us the highest percentage areas we can use this
morning. We can see the major AB=CD
pattern so swing traders are selling retracements as we make new lower-lows. Day traders are looking to buy these lows as
support and then sell the highs as resistance.
The E-Mini-Russell 34
range chart shows us the most detail we need to plan our day trading strategy this
morning. We can see the bear price
channel, the AB=CD pattern, and we’re inside the range from Tuesday. We want to buy at these lows, and since we’re
inside the AB=CD pattern reversal zone we’re going to buy above the 794.0 with
a target of 797.0 (trigger-zone) and 800.00 big round number and then up to 803.4
the PHOD.
range chart shows us the most detail we need to plan our day trading strategy this
morning. We can see the bear price
channel, the AB=CD pattern, and we’re inside the range from Tuesday. We want to buy at these lows, and since we’re
inside the AB=CD pattern reversal zone we’re going to buy above the 794.0 with
a target of 797.0 (trigger-zone) and 800.00 big round number and then up to 803.4
the PHOD.
If price falls lower we will have a high risk short trade
opportunity below the reversal-zone on the AB=CD however, the better idea is to
wait for the lows to be tested and buy the PLOD and the 781.8 as support. If price moves through the support with ease
then we wait for new lower-lows and sell retracements below 781.4
opportunity below the reversal-zone on the AB=CD however, the better idea is to
wait for the lows to be tested and buy the PLOD and the 781.8 as support. If price moves through the support with ease
then we wait for new lower-lows and sell retracements below 781.4
