February 6, 2013
- in Uncategorized by schooloftrade
Mini-Russell Anchor Chart Prep
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| Mini-Russell Anchor Chart Prep |
We can see
the Mini-Russell trading inside the range from yesterday and we have a price-wedge
structure that will be our biggest clue this morning until something breaks the
range highs or lows.
the Mini-Russell trading inside the range from yesterday and we have a price-wedge
structure that will be our biggest clue this morning until something breaks the
range highs or lows.
The InsideOut
Set-up will be on our radar if the sellers fail below the PLOD or the buyers
fail above the PHOD we will get a chance for this InsideOut Set-up.
Set-up will be on our radar if the sellers fail below the PLOD or the buyers
fail above the PHOD we will get a chance for this InsideOut Set-up.
If we can
get a breakout to the new higher-highs or lower-lows and price keeps moving, we
will look for the Wave Set-Up when the market begins to show signs of a new
trend higher or lower.
get a breakout to the new higher-highs or lower-lows and price keeps moving, we
will look for the Wave Set-Up when the market begins to show signs of a new
trend higher or lower.
We can use
the symmetry support to give us a clue for a bearish price-channel support as
well.
the symmetry support to give us a clue for a bearish price-channel support as
well.
Our day
trading plan for the Mini-Russell is to buy the lows and sell the highs of the price-wedge
because we’re inside the range from Tuesday.
trading plan for the Mini-Russell is to buy the lows and sell the highs of the price-wedge
because we’re inside the range from Tuesday.
We are looking
for a fake-out-breakout at the PHOD or PLOD and will then use the InsideOut
Set-up to trade the fake-out-breakout long or short around the highs or lows.
for a fake-out-breakout at the PHOD or PLOD and will then use the InsideOut
Set-up to trade the fake-out-breakout long or short around the highs or lows.
If price
makes new lower-lows and the sellers can keep price below the PLOD we will use
the Wave Set-Up short to take short trades and use the symmetry support at
892.5 as a final profit-target.
makes new lower-lows and the sellers can keep price below the PLOD we will use
the Wave Set-Up short to take short trades and use the symmetry support at
892.5 as a final profit-target.
