February 29, 2012
- in Uncategorized by schooloftrade
day trading strategy for E-Mini-Russell
Our day trading strategy for E-Mini-Russell uses multiple
timeframes and begins with the 89 range chart with over 180 days of market
data. We can see the AB=CD pattern reversal-zone
which provides major resistance overhead so we look for price to fail at these
highs so we can sell it short. We can
see the short term price wedge so use the price wedge as your biggest clue and
we are trading inside the range from Tuesday.
timeframes and begins with the 89 range chart with over 180 days of market
data. We can see the AB=CD pattern reversal-zone
which provides major resistance overhead so we look for price to fail at these
highs so we can sell it short. We can
see the short term price wedge so use the price wedge as your biggest clue and
we are trading inside the range from Tuesday.
E-Mini-Russell 55 range chart gives us a lot more clues for
our day trading strategy this morning. We
can see the double-bottom and the resistance that it gives us at 834.0, 840.50,
and max extension at 849.5. we can see
the short term price wedge and we are at the highs, so looking to sell the
highs of the price wedge, and we can see the inside trading day, below the PHOD
and above PLOD.
our day trading strategy this morning. We
can see the double-bottom and the resistance that it gives us at 834.0, 840.50,
and max extension at 849.5. we can see
the short term price wedge and we are at the highs, so looking to sell the
highs of the price wedge, and we can see the inside trading day, below the PHOD
and above PLOD.
As price rises I’m selling resistance first, and
then with new higher-highs I will look for fake-out breakout then buy pullbacks. If price moves lower I’m buying at the
support levels below first, and then with new lower-lows I will sell retracements.
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| e-mini russell trading strategy |
