July 1, 2013
- in Uncategorized by schooloftrade
Mini-Russell day trading strategy
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| Mini-Russell 60-Minute Chart |
The Mini-Russell
is trading above the PHOD from Friday, which tells us the buyers see value in
higher prices, and we now want to buy pullbacks on the way higher this
morning. We can see the bullish price-channel
and we are just recently coming off the lows, so we know that buying pullbacks will
be the high-percentage-trades up to the highs of the price-channel which could
take us as high as the 994.0 area.
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| Mini-Russell 5-Minute Chart |
We are
trading above the PHOD and above the Price-reversal Zone on the 5-minute chart,
which means we are focused on buying pullbacks with new higher-highs on the way
up to the highs of the long-term trend price-channel.
trading above the PHOD and above the Price-reversal Zone on the 5-minute chart,
which means we are focused on buying pullbacks with new higher-highs on the way
up to the highs of the long-term trend price-channel.
