February 23, 2012
- in Uncategorized by schooloftrade
E-Mini-Russell day trading strategy
Our day trading strategy for the E-Mini-Russell uses the
trend line and trigger-zone support as reasons to buy these lows. I want to buy the PLOD and the trend line as
support, and then look to buy more pullbacks above PHOD. If the buyers fail above the PHOD we will
then sell the failure when price moves below the PHOD.
trend line and trigger-zone support as reasons to buy these lows. I want to buy the PLOD and the trend line as
support, and then look to buy more pullbacks above PHOD. If the buyers fail above the PHOD we will
then sell the failure when price moves below the PHOD.
Our 34 range on the E-Mini-Russell shows us additional
resistance above the PHOD which tells us to sell the PHOD and the resistance f
826.8 and then buy pullbacks after looking for the fake-out breakout above
826.8. Sell the PHOD when the buyers
fail above it and take profit at the trigger line below as support and lows of
the price channel around 817.00.
resistance above the PHOD which tells us to sell the PHOD and the resistance f
826.8 and then buy pullbacks after looking for the fake-out breakout above
826.8. Sell the PHOD when the buyers
fail above it and take profit at the trigger line below as support and lows of
the price channel around 817.00.
The 21 range chart on the E-Mini-Russell refines
our day trading strategy with a short term bear price channel just below the PHOD
which gives us another reason to sell these highs if the buyers are not strong
to push above the 826.8.
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| Russell Day Trading Strategy |
