March 1, 2013
- in Uncategorized by schooloftrade
E-Mini S&P Anchor Chart Prep
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E-Mini S&P Anchor Chart Prep |
We are
trading in overbought territory and sideways in transition on the anchor chart,
which tells us that we need to be patient and sit-on-hands today until we get
the anchor chart to either make a new higher-high or make new lower-lows and
change this directional bias to short. We
will be looking to sell short early next week on the E-Mini S&P.
trading in overbought territory and sideways in transition on the anchor chart,
which tells us that we need to be patient and sit-on-hands today until we get
the anchor chart to either make a new higher-high or make new lower-lows and
change this directional bias to short. We
will be looking to sell short early next week on the E-Mini S&P.
Our entry
chart on the E-Mini S&P looks very similar to the Mini-Russell in the fact
that we’re trading below the PLOD and we will use the InsideOut Set-up to get
long above the PLOD 1510.25 with a profit-target at the PHOD 1524.25. With new lower-lows we will sell short as
soon as the directional bias on the anchor chart confirms.
chart on the E-Mini S&P looks very similar to the Mini-Russell in the fact
that we’re trading below the PLOD and we will use the InsideOut Set-up to get
long above the PLOD 1510.25 with a profit-target at the PHOD 1524.25. With new lower-lows we will sell short as
soon as the directional bias on the anchor chart confirms.
 |
E-Mini S&P Entry Chart Prep |
Our day
trading plan for the E-Mini S&P is to sit-on-hands at this time and wait
for the anchor chart to confirm a new direction. We need to see new higher-highs to get us
trading long, or new lower-lows to get us trading short.
trading plan for the E-Mini S&P is to sit-on-hands at this time and wait
for the anchor chart to confirm a new direction. We need to see new higher-highs to get us
trading long, or new lower-lows to get us trading short.
