May 8, 2013
- in Uncategorized by schooloftrade
E-Mini Dow day trading plan
 |
| E-Mini Dow Day Trading Plan |
We use our
anchor chart to find the most important buy and sell-zones to use this morning
in our live trade-room. The first thing
we notice is the bullish price-channel with the highs just overhead and the
lows well below us around 14800 area. We
know that buying the lows of a bull price-channel will yield the high-percentage-trades
but we’re nowhere near those lows at this time, so we will need to be aware of
it, but we need to for that price-channel trade. We can see the double-top has produced a buy-zone
below us at 14963 down to 14938. We will
be looking for a ‘bounce’ off this buy-zone for an easy buying opportunity this
morning.
anchor chart to find the most important buy and sell-zones to use this morning
in our live trade-room. The first thing
we notice is the bullish price-channel with the highs just overhead and the
lows well below us around 14800 area. We
know that buying the lows of a bull price-channel will yield the high-percentage-trades
but we’re nowhere near those lows at this time, so we will need to be aware of
it, but we need to for that price-channel trade. We can see the double-top has produced a buy-zone
below us at 14963 down to 14938. We will
be looking for a ‘bounce’ off this buy-zone for an easy buying opportunity this
morning.
