June 14, 2013
- in Uncategorized by schooloftrade
Mini-Russell day trading strategy
The Mini-Russell has rolled forward
to the 09-13 contract month this morning, so be sure to change your charts to
the new front-month contract.
to the 09-13 contract month this morning, so be sure to change your charts to
the new front-month contract.
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| Mini-Russell Day Trading Strategy |
The Mini-Russell
60-minute anchor chart shows us trading in a bear price-channel and right in
the perfect location to sell short this morning. We will wait to see the price move lower
before entering into retracements on the way down to profit-targets at 973.4
and 965.0. If prices move HIGHER this
morning we still will wait for a selling opportunity as the high-percentage-trade
at the highs of the price-channel.
Trading long at the highs of any range is considered lower-percentage so
we will need to see some strong bullish market personality to consider this
today.
60-minute anchor chart shows us trading in a bear price-channel and right in
the perfect location to sell short this morning. We will wait to see the price move lower
before entering into retracements on the way down to profit-targets at 973.4
and 965.0. If prices move HIGHER this
morning we still will wait for a selling opportunity as the high-percentage-trade
at the highs of the price-channel.
Trading long at the highs of any range is considered lower-percentage so
we will need to see some strong bullish market personality to consider this
today.
