Monday, October 7, 2013

Mini-Russell Day trading strategy;

Mini-Russell Anchor Chart

The Mini-Russell anchor chart shows us a sideways with a slightly bearish market sentiment this morning.  We will be looking for new lower-lows and lower-highs on the anchor chart to give us a strong trend lower and give us more confidence in a short-selling entry pattern.

If we see that the price-action does NOT want to move lower, we then will trade this as a sideways-trading-range looking to buy-the-lows at support and sell-the-high at resistance. 

Mini russell Set Up Chart
The set-up chart of the Mini-Russell also says to sell short this morning and we want to sell the resistance levels from our trigger-zone on the way to new lower-lows.

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