August 25, 2010

Two Different Trading Options On The Russell

Russell Futures:

Trading inside the bearish channel and we have 2 different options.

1. If we can break above the trend line and the resistance level at 94.4, long above 94.4, with profit targets of 96.0 (1/2), 98.0 (1/4), and then all the way to the highs of the channel around 600.0

2. We can continue with the short side entry below 590.5, with profit targets of 88.7 (1/2), 87.2 (1/4), and then all the way down to the lows of the channel at 584.3 (1/4)

13 Range Russell

Euro Futures:

The euro has a bearish channel and we have tried unsuccessfully to break out of that channel, and im looking for a short entry back into the channel by selling the highs

Short below 2632, im watching my 4 and 8-range charts for the entry

Profit targets of 2620 (1/2), 2610 (1/4), and then all the way down to the lows of 2593 (1/4)

13 Range Euro

    schooloftrade

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