March 27, 2012

E-Mini-Russell day trading strategy

Our trading strategy for the E-Mini-Russell uses 365 days of
data to find the major swing highs from almost a year ago at levels such as
848.5 and 857.3 for us to use as resistance if price keeps moving higher.
We can see the bull price channel, the inside day at the PHOD,
and the buyers have failed above the PHOD. 
We can also see two different bearish AB=CD patterns both of which give
us overhead resistance to work with as price rises.
We want to sell the highs of the major bear price channel,
along with selling the resistance at 848.5 and selling as price rises to new higher-highs
at resistance.  We can see lots of wide
open space below the PHOD so it makes no sense to force trades long, and makes
all the sense to be patient and wait for the buyers to exhaust at these highs,
wait for the dollar index to move higher off support, and then sell the resistance
and sell the highs of the price channel and below the PHOD with a 2-step short
or wave long failure pattern.

If price moves lower we are selling retracements
below the PHOD and taking profit target at the trigger-zone support at the price
channel lows around the PLOD at 829.1. 
then look to buy the lows of the price channel and the PLOD as support
with the final target buying the lows back at the highs of the range and the PHOD.

day trading strategy e-mini russell
day trading strategy e-mini 
Russell

day trading strategy e-mini russell

day trading strategy e-mini russell

    schooloftrade

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