October 1, 2013
- in Uncategorized by schooloftrade
Mini-Russell Day trading strategy; SchoolOfTrade.com
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| Mini Russell Anchor CHart |
We begin to work with the Mini-Russell this morning and the
anchor chart shows us a sideways-trading-range in the long-term trend and a short-term
trend that is bullish. It’s hard to call
this bullish because we can see the trading-range very easily. We can see a price-wedge and this opens the
possibility of a fake-out-breakout at the highs and a possible price-reversal and
selling-opportunities off the highs today with a selling profit-target at the
lows of the price-wedge at 1061.8.
anchor chart shows us a sideways-trading-range in the long-term trend and a short-term
trend that is bullish. It’s hard to call
this bullish because we can see the trading-range very easily. We can see a price-wedge and this opens the
possibility of a fake-out-breakout at the highs and a possible price-reversal and
selling-opportunities off the highs today with a selling profit-target at the
lows of the price-wedge at 1061.8.
We dig into the VIP chart a little further this morning and
we see the opening-print was very bullish and we have a recent 15-minute candle
that is about to close, telling us to buy pullbacks with the next entry
opportunity we see.
we see the opening-print was very bullish and we have a recent 15-minute candle
that is about to close, telling us to buy pullbacks with the next entry
opportunity we see.
