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E-Mini-Russell day trading strategy
89range chart this morning which always give us a directional bias trading LONG
with a bull price channel. We can price trading on top of the PHOD so ready to
buy pullbacks with new higher-highs above the PHOD. Remember if the buyers fail above the PHOD we
will SELL back below the PHOD the first time it fails.
LINE (BMT) which means we can assume the price action will be sloppier than
normal in the range around the 796.0 BMT.
down to the final target of 780.0 where we have the line in the sand. If price moves higher we need get above the PHOD
and buy pullbacks and beware there is resistance at 802.0 the 89r trigger-line which
will be an easy target, but don’t try to trade through it, wait for price to
break higher-highs above 802.0 and then look to re-enter long again. With the 802.0 resistance keep an eye out for
the buyers FAILING to push higher-highs and then sell it below the PHOD again
if it tumbles.
information today, giving us this major price wedge and the trigger-zone resistance
levels overhead. With the dollar index dropping
this morning we will buy pullbacks above the PHOD using profit targets at 802.0
(89r) and then 810.0, 816.0, and 824.0 s the final targets.
As price rises I’m keeping a close eye on the dollar
index correlation and looking for a possible fake-out breakout around 802.0 and
then sell the failure….OR….if price moves all the way to the 816 quickly we
will then stay patient and look for selling opportunities.