August 1, 2013
- in Uncategorized by schooloftrade
Mini-Russell day trading strategy
Mini-Russell 60-minute:
 |
| Russell 60-Minute |
The Mini-Russell
is trading in a sideways-trading-range this morning near the highs of the price-wedge
we can see on the 60-minute anchor chart.
We want to sell-the-high at resistance and buy-the-lows at support when
we see a price-wedge. Right now appears to
be a perfect location to look for a price-reversal and the following selling-opportunities
today. If price-action keeps pushing
higher we will see a challenging area of resistance overhead that will make
buying a lot higher-risk than selling this morning.
is trading in a sideways-trading-range this morning near the highs of the price-wedge
we can see on the 60-minute anchor chart.
We want to sell-the-high at resistance and buy-the-lows at support when
we see a price-wedge. Right now appears to
be a perfect location to look for a price-reversal and the following selling-opportunities
today. If price-action keeps pushing
higher we will see a challenging area of resistance overhead that will make
buying a lot higher-risk than selling this morning.
Mini-Russell 5-Minute:
 |
| Russell 5-Minute |
The Mini-Russell
is trading above the London trading Session this morning and at the PHOD from yesterday
at 1052.8. We know the 60-minute chart
shows us a place for a price-reversal right now, and the PHOD is a perfect spot
for this. Look for price-action to
collapse off these highs and look for selling-opportunities down to the trend-line
support and 1046.3 London trading Session lows.
is trading above the London trading Session this morning and at the PHOD from yesterday
at 1052.8. We know the 60-minute chart
shows us a place for a price-reversal right now, and the PHOD is a perfect spot
for this. Look for price-action to
collapse off these highs and look for selling-opportunities down to the trend-line
support and 1046.3 London trading Session lows.
