November 29, 2012
- in Uncategorized by schooloftrade
Mini-Russell day trading plan
Mini-Russell
is trading at the major range highs and we want to sell these highs as resistance. We have seen a lot of bullish market
personality this morning after Obama’s speech on Wednesday afternoon.
is trading at the major range highs and we want to sell these highs as resistance. We have seen a lot of bullish market
personality this morning after Obama’s speech on Wednesday afternoon.
We will use
a 2step pattern short to sell the highs, with a profit-target at the PHOD 813.6
a 2step pattern short to sell the highs, with a profit-target at the PHOD 813.6
If pricedecides it wants to keep pushing higher we can take a higher-risk trade buying
long into overhead resistance or we can stay patient and wait for the buyers to
exhaust before we get short at the resistance overhead.
Just like Crude
Oil this morning, we may not get the opportunity to sell short, and if the
buyers are CLEARLY in control now we can take long positions with the right market
personality.
Oil this morning, we may not get the opportunity to sell short, and if the
buyers are CLEARLY in control now we can take long positions with the right market
personality.
