May 9, 2013
- in Uncategorized by schooloftrade
E-Mini Dow Futures Scalping-strategy trading plan
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| E-Mini Dow Anchor Chart |
E-Mini Dow Futures:
We can see the long-term trend is moving higher this morning with the
strong bullish price-channel, however we can see in the short-term trend has
been trading in a sideways-trading-range so we need to wait patiently to get a
15-minute candle close outside of this sideways-trading-range so we can feel
confident buying with pullbacks and new higher-highs on the entry timeframe.
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| E-Mini Dow Entry Chart |
The faster
entry timeframe shows us a similar bullish price-channel but we can tell from
the price-action this morning is going to be a challenge until we see some new higher-highs
and a 15-minor candle closing outside of the short term sideways-trading-range.
entry timeframe shows us a similar bullish price-channel but we can tell from
the price-action this morning is going to be a challenge until we see some new higher-highs
and a 15-minor candle closing outside of the short term sideways-trading-range.
