April 19, 2012
- in Uncategorized by schooloftrade
E-Mini-Russell day trading strategy
We can see the major bull pricechannel, with the bull price wedge that comes along with it. We can see we’re trading in the middle of the
price wedge, with a very flat BMT and trigger-line. This tells us that today in the middle we
will expect sloppy price action. We will
get much better price action when we are at the highs or the lows of the price
wedge, or if the trigger-line had a ‘slope’ to it. This is a big clue and we need to trade
cautiously because of it.
The 55-range chart on the E-Mini-Russell shows
us a lot more detail, and confirms for us that the high-percentage trades today
will be selling the highs and buying the lows.
Look to sell the highs of the price wedge as price rises, and if price
keeps going higher look for the fake-out breakout first, and then if the market
personality confirms we buy pullbacks.
