July 9, 2010

Im watching a reversal pattern on the 21-range chart of the Russell Futures

o Trading at the highs of the day today, and yesterday

o We have a swing low that’s been made off the highs

o Look for the short below 17.6

o Take ½ my profit @ 16.0, just above the current low of day

o Take ¼ off at the open of the day from yesterday @ 13.0

o Take final ¼ off at the Lows from yesterday @ 09.5

o We just saw the 1 tick higher-high and we saw big sellers at those highs, so the sentiment appears to be in our favor for the short side today.
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

(Click Image To Enlarge)
 
We will be watching for the results of this trade, stay tuned for our updates.

    schooloftrade

    Click Here to Leave a Comment Below

    Leave a Reply: