March 5, 2012
- in Uncategorized by schooloftrade
Mini Russell day trading strategy up-date @ 1030am
The day trading strategy for the E-Mini-Russell uses
multiple timeframes and the 89 range chart shows u the AB=CD pattern reversal-zone
overhead so all the swing trades have been given plenty of opportunity to enter
short at the highs of 832.0 and now the day traders are looking to sell new lower-lows
with retracements if we go below the PLOD.
multiple timeframes and the 89 range chart shows u the AB=CD pattern reversal-zone
overhead so all the swing trades have been given plenty of opportunity to enter
short at the highs of 832.0 and now the day traders are looking to sell new lower-lows
with retracements if we go below the PLOD.
The 55 range chart on the E-Mini-Russell makes us a little concerned
as we see this big doji candlestick right on top of the PLOD which we have seen
too many times before, and this tell us the price action may be sloppy and
lacks confidence around the PLOD so beware we may be sloppy until this price
moves higher or lower from this area.
as we see this big doji candlestick right on top of the PLOD which we have seen
too many times before, and this tell us the price action may be sloppy and
lacks confidence around the PLOD so beware we may be sloppy until this price
moves higher or lower from this area.
We want to buy the lows of this price channel,
and the AB=CD support is right here as well.
If price gets back above the PLOD the sellers have failed and we want to
buy pullbacks above PLOD. Use 800.00 as
a magnet and 805.0 as a decent target going above the big round number.
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