November 30, 2012
- in Uncategorized by schooloftrade
Mini-Russell day trading plan
We can see
the bear price-channel with the trigger-zone resistance right at the
highs. We are trading at the highs of
the price-channel and into the major resistance.
We can also
see that PHOD is right above us, making this an INSIDE-DAY and telling us to
sell these highs below the PHOD. When price
fails above the PHOD it tends to move all the way down to the PLOD.
see that PHOD is right above us, making this an INSIDE-DAY and telling us to
sell these highs below the PHOD. When price
fails above the PHOD it tends to move all the way down to the PLOD.
If price
moves higher this morning we are selling at the highs of the price-channel and
we have a very small window to buy above the PHOD. If price keeps moving higher we will look for
selling opportunities at 829.8 and 834.2 or we can buy pullbacks with new higher-highs
above these resistance levels.
moves higher this morning we are selling at the highs of the price-channel and
we have a very small window to buy above the PHOD. If price keeps moving higher we will look for
selling opportunities at 829.8 and 834.2 or we can buy pullbacks with new higher-highs
above these resistance levels.
If price
falls off the highs we will sell short with profit-targets at 816.2 swing-low and
the PLOD 812.3 along with the price-wedge lows just below the PLOD.
falls off the highs we will sell short with profit-targets at 816.2 swing-low and
the PLOD 812.3 along with the price-wedge lows just below the PLOD.
If price
keeps falling lower below the short term price-wedge we will look for the fake-out-breakout
and then assuming the sellers are still in control we can sell short once again
below the price-wedge lows down to the final profit-target at 796.2 support below
us.
keeps falling lower below the short term price-wedge we will look for the fake-out-breakout
and then assuming the sellers are still in control we can sell short once again
below the price-wedge lows down to the final profit-target at 796.2 support below
us.
