Russell2000 Correction CompletingIN this update we review the current corrective cycle in the Russell and identify the next high probability trading opportunity
M2K1! trade ideas
Russel 2000 Continuation TradeIn this update we review the price action in the Russell break out trade and identify the next high probability trading opportunity
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Russell 2000 Futures Headed To 2668?Exactly one year ago this month the Russell 2000 broke out to new highs and many were calling it the November to Remember as the RTY had an all-time record 18.4% monthly total return This November the Russell 2000 is also breaking out to new highs and on my strategy the look is exactly the same as last year. Will this be another November to remember? I think so, but I don't think it will be an 18.4% rally like last year. I do think that the RTY could rally 10% and look to test 2668 before the end of the year. I use Bollinger Bands with 20 period, 3 standard deviation settings along with a simple 10 period simple moving average on a weekly, daily and 60 min charts as my strategy for this long swing trade.
RTY UpdateThis is what I mean by pump and dump, look at the sell volume in the morning.
The algos have managed to convert futures trading into a pump and dump scheme and teh dip buyers are letting them make their money, lol. Small caps still flat despite the dump. Sideways action until the dip buyers are gone.
Watch MFI though, as soon as it goes oversold we'll see another pump
Multiple Chart TypesConsider using multiple chart types when performing technical analysis for a clearer picture of what the market may be telling you. Here is a tri-screen view of Traditional Japanese Candles on top, Renko Candles in the middle, and Heiken-Ashi Candles on the bottom. Each setup has something to share.
Russell2000 Trading Wave 5 In this update we review the set up for a wave 5 extension in the Russell
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RTY1!10.28.21 Russell I am multitasking on this video. There was something to talk about on the Russell, as there could've been short trade here using opening price. This market has become a little bit more difficult to evaluate because of the way it's moving, and sometimes it's not clear to you, and it's not easy to have a comfortable sense of the market. So I talked about that. On a private chat I sensed that that trader might be getting stale. If you trade long enough you will have many periods when this will happen. You have to respect this. You need a break. There is something else which I think it's very important from my own experience, and that is if you're learning something new and you're getting ready to make changes in how you will trade, you should use this opportunity is if you only have a couple of months and learn as much as you can while accepting digital have to work extra hard because it's not something that's very clear to you in the first place. This will cut through the initial learning phase when you have the energy, and it greatly increases your chance of using new information because the first part of learning is the hardest, and now you have momentum because you dedicated a month or two. This is not a lot of time when you consider you may be trading for 30 or 40 years. Once you work hard at something, and you take a break, you will frequently find that not only did you retain what you had just learned, but the break from trading set you up for the next period of trading and that this fresh restart results in a better understanding in what you had previously just learned. Well-timed breaks result in more epiphanies. Generally, it is not a good thing to trade when you know you're unclear about the market, or when you just don't feel like trading the market. Take the break.
