December 4, 2012
- in Uncategorized by schooloftrade
Mini-Russell day trading plan
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| Mini-Russell day trading plan |
We can see
the Mini-Russell is trading at the highs of the bearish price-channel inside
the range from Monday, and we recently failed below the PLOD. This tells us we are bullish looking for
price to move up to the PHOD.
the Mini-Russell is trading at the highs of the bearish price-channel inside
the range from Monday, and we recently failed below the PLOD. This tells us we are bullish looking for
price to move up to the PHOD.
We need to
beware trading long at these highs, so this will be a little challenging. Wait for pullbacks to enter long with new higher-highs
and look for the PHOD to be our next profit-target.
beware trading long at these highs, so this will be a little challenging. Wait for pullbacks to enter long with new higher-highs
and look for the PHOD to be our next profit-target.
If the
buyers were to fail, we would be looking to sell below the PLOD 817.4. Our profit-target for the short sellers will
be 813.0, 807.5 and 802.5 on the way down.
buyers were to fail, we would be looking to sell below the PLOD 817.4. Our profit-target for the short sellers will
be 813.0, 807.5 and 802.5 on the way down.
