March 28, 2012
- in Uncategorized by schooloftrade
E-Mini-Russell day trading strategy
The E-Mini-Russell trading in a bull price channel, as the
sellers have failed below the PLOD. We can
see the 89 range chart shows us a wave pattern long putting us just above the PLOD
where the buyers will be in control and we can buy pullbacks.
sellers have failed below the PLOD. We can
see the 89 range chart shows us a wave pattern long putting us just above the PLOD
where the buyers will be in control and we can buy pullbacks.
As price rises I’m buying pullbacks above the PLOD, but look
to take profit and then sell short at the 848.5 resistance overhead. As price falls I need to wait to get below
the 89r trigger line at 834.2 support and then I can start selling retracements.
to take profit and then sell short at the 848.5 resistance overhead. As price falls I need to wait to get below
the 89r trigger line at 834.2 support and then I can start selling retracements.
Further investigation into the E-Mini-Russell using the 55
range chart we locate the short term bull price channel and we use our advanced
price-structures to qualify the price channel support at 826.8 and 815.5 so in
that area we are looking for the price reversal trade to buy the lows.
range chart we locate the short term bull price channel and we use our advanced
price-structures to qualify the price channel support at 826.8 and 815.5 so in
that area we are looking for the price reversal trade to buy the lows.
With the dollar index rising higher this
morning, and the bear price channel on E-Mini-Russell, below the PLOD, and
seeing a 21 range AB=CD Pattern we want to keep selling retracements as price
moves lower and try to sell the highs of the bear price channel.
 |
| E-Mini Russell Trading Strategy |
