February 22, 2012
- in Uncategorized by schooloftrade
E-Mini-Russell day trading strategy uses the 89 range chart
E-Mini-Russell day trading strategy uses the 89 range chart
to locate the major reversal-zone overhead from the AB=CD pattern so we know
that there is significant resistance overhead if price tries to rise we will
look to fade the breakouts. We can see
the new short term AB=CD pattern but the most important thing right now is the PLOD,
the trigger-zone support and the trend line support which are all giving us
buying opportunities.
to locate the major reversal-zone overhead from the AB=CD pattern so we know
that there is significant resistance overhead if price tries to rise we will
look to fade the breakouts. We can see
the new short term AB=CD pattern but the most important thing right now is the PLOD,
the trigger-zone support and the trend line support which are all giving us
buying opportunities.
The faster 55 range chart shows us more fine details to
where our day trading strategy will be executed today. If price falls below the PLOD I can sell retracements
but beware selling if there isnt enough room before we test the trend line as
support below it. Then I’m looking to
buy the trend line support and trigger-zone support around 806.-804 area. I always want to buy support below the lows
of a bull price channel. If price rises
avoid the middle of the range, but buy pullbacks off the lows of the range, so
buying the PLOD as support and then selling the PHOD as resistance. Then buy pullbacks above PHOD after looking for
the fake-out breakout.
where our day trading strategy will be executed today. If price falls below the PLOD I can sell retracements
but beware selling if there isnt enough room before we test the trend line as
support below it. Then I’m looking to
buy the trend line support and trigger-zone support around 806.-804 area. I always want to buy support below the lows
of a bull price channel. If price rises
avoid the middle of the range, but buy pullbacks off the lows of the range, so
buying the PLOD as support and then selling the PHOD as resistance. Then buy pullbacks above PHOD after looking for
the fake-out breakout.
Mini-Russell Day Trading Strategy |