May 9, 2013
- in Uncategorized by schooloftrade
E-Mini S&P Futures Scalping-strategy trading plan
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| E-Mini ES Anchor Chart |
E-Mini S&P Futures:
We can see the anchor chart has been very bullish this last few weeks,
making new higher-highs and showing us a clear bullish price-channel. The big concern we have is the ability for
the buyers to keep pushing prices higher, so we are looking to sell short this
morning using this as a big clue.
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| E-Mini ES Entry Chart |
The entry
timeframe shows us a sideways-trading-range and a price-wedge which tells us
that to get short this morning we need to see new lower-lows and some decent market
personality, which has not been showing on our charts so far today.
timeframe shows us a sideways-trading-range and a price-wedge which tells us
that to get short this morning we need to see new lower-lows and some decent market
personality, which has not been showing on our charts so far today.
