March 26, 2013
- in Uncategorized by schooloftrade
Mini-Russell day trading plan
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| Mini-Russell day trading |
The Mini-Russell
anchor chart #1 shows us pushing our way higher this morning running right into
the major resistance at 951.3 from the double-bottom. We can easily see that this market
personality is bullish, but this resistance is standing in our way from moving
higher up to the highs of the short term bull price-channel and the symmetry
level at the big-round-number 1000.0.
The anchor chart tells us to buy pullbacks all the way up to the big-round-number
of 1000.0.
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| Mini-Russell day trading 2 |
The second
anchor chart on the Mini-Russell shows us a many big price-action clues this
morning. First, we can see the sideways-trading-range
from 951.3 down to 934.1. Second, we can
see the price-wedge is a big market personality clue that we need to
consider. Third, the double-top provides
support levels below in the case of falling prices later today. Four, we have symmetry resistance at 962.0. Our anchor chart tells us the price-action is
trading sideways, and if we get new higher-highs we look to buy pullbacks up to
the 962.0 resistance and furthermore up to the big-round-number of 1000.0.
anchor chart on the Mini-Russell shows us a many big price-action clues this
morning. First, we can see the sideways-trading-range
from 951.3 down to 934.1. Second, we can
see the price-wedge is a big market personality clue that we need to
consider. Third, the double-top provides
support levels below in the case of falling prices later today. Four, we have symmetry resistance at 962.0. Our anchor chart tells us the price-action is
trading sideways, and if we get new higher-highs we look to buy pullbacks up to
the 962.0 resistance and furthermore up to the big-round-number of 1000.0.
 |
| Mini-Russell day trading 3 |
The entry
chart timeframe on the Mini-Russell says we’re trading inside the range from yesterday,
along with a short term price-wedge and the previous week’s highs. If we see new higher-highs above the 948.7 we
will use the Wave Entry-Trigger to get long and use the resistance at 951.3 as
the partial-profit-target and then try to hold a runner up to the 962.0 major resistance.
chart timeframe on the Mini-Russell says we’re trading inside the range from yesterday,
along with a short term price-wedge and the previous week’s highs. If we see new higher-highs above the 948.7 we
will use the Wave Entry-Trigger to get long and use the resistance at 951.3 as
the partial-profit-target and then try to hold a runner up to the 962.0 major resistance.
