March 6, 2013
- in Uncategorized by schooloftrade
Mini-Russell Chart Prep
 |
Mini-Russell Chart Prep |
The anchor
chart on the Mini-Russell shows us testing the 930.0 double-bottom resistance which
we have used as a final profit-target for buying the lows of the price-channel. We will now look for new higher-highs above the
930.0 and then followed by a Wave Entry-Trigger to get long up to the 941.5 resistance
level using this anchor chart. We can
see the signal has fired off telling us we are looking for opportunities to buy
only right now, and we will use our entry timeframe to find the best times to
enter each trade long.
chart on the Mini-Russell shows us testing the 930.0 double-bottom resistance which
we have used as a final profit-target for buying the lows of the price-channel. We will now look for new higher-highs above the
930.0 and then followed by a Wave Entry-Trigger to get long up to the 941.5 resistance
level using this anchor chart. We can
see the signal has fired off telling us we are looking for opportunities to buy
only right now, and we will use our entry timeframe to find the best times to
enter each trade long.
The entry
chart on the Mini-Russell shows us the many buying opportunities we got over
the last 48 hours, making easy money using our anchor chart for the direction
and the most important levels for a profit-target along with the entry-trigger to
get us into the long trades as price moved towards the 930.0 resistance profit-target.
chart on the Mini-Russell shows us the many buying opportunities we got over
the last 48 hours, making easy money using our anchor chart for the direction
and the most important levels for a profit-target along with the entry-trigger to
get us into the long trades as price moved towards the 930.0 resistance profit-target.
Now we’re
looking for a counter-trend InsideOut Set-up to the sell-side getting short
below the PHOD 928.3 and taking a profit-target all the way at the opposite
side of Tuesday range. We can see a
strong trend-line just above the PLOD at 916.0 area and we will use that as a
more conservative location to take profit-target on our shorts.
looking for a counter-trend InsideOut Set-up to the sell-side getting short
below the PHOD 928.3 and taking a profit-target all the way at the opposite
side of Tuesday range. We can see a
strong trend-line just above the PLOD at 916.0 area and we will use that as a
more conservative location to take profit-target on our shorts.
 |
Mini-Russell Entry Chart Prep |
If price
decides to move higher we will use this as a FAILED InsideOut Set-up and we
will use Wave Entry-Trigger to trade with the same direction as the long-term
trend from the anchor chart and wait for the entry above the 930.0 (so we’re
not buying into resistance) and then use the 941.5 resistance (anchor) as our profit-target
moving higher.
decides to move higher we will use this as a FAILED InsideOut Set-up and we
will use Wave Entry-Trigger to trade with the same direction as the long-term
trend from the anchor chart and wait for the entry above the 930.0 (so we’re
not buying into resistance) and then use the 941.5 resistance (anchor) as our profit-target
moving higher.
