September 12, 2012
- in Uncategorized by schooloftrade
Morning Mini-Russell Checklist:
Heat Map
Review:
Heat map
says bulls in charge at +0.6%
says bulls in charge at +0.6%
Overnight
Highs & Lows:
Highs & Lows:
Both the
buyers and sellers have failed to make new higher-highs or lower-lows, so we
consider this morning to be range-bound.
I trade a range-bound market buying the lows, selling the highs and
avoiding the middle.
buyers and sellers have failed to make new higher-highs or lower-lows, so we
consider this morning to be range-bound.
I trade a range-bound market buying the lows, selling the highs and
avoiding the middle.
Inside or
Outside Day?
Outside Day?
We just saw
the buyers fail above PHOD so this is consider an inside day, and more
importantly, a failed outside day.
the buyers fail above PHOD so this is consider an inside day, and more
importantly, a failed outside day.
Find the price-structures: · Trigger-zone is support below
· AB=CD Pattern is resistance right
where we are at this time
where we are at this time
· Price-channel is bullish
Where
will a reversal be likely today?
will a reversal be likely today?
We will lookfor the price-reversal at the PHOD and PLOD.
If price goes below the PHOD we sell it, with the profit-target at the PLOD.
