From the Low to the High of the Trading Range Jan 24
Tue, Jan 24, 12:51 PM ET, by Corey Rosenbloom
Trading the market is extraordinary easy right now – buy when price touches the lower support and short it when it touches the upper resistance of a clearly-defined trading range.
Easy right? Of course it’s not so easy but that’s what’s worked so far in 2017.
Here’s today’s updated Emini (@ES) trading levels for your trades:
We continue to see price – as planned – move within the 20 point trading range.
Today saw the expected swing UP AWAY FROM 2,250 toward the 2,270 pivot.
A future breakout is on the horizon (plan for it) but it’s not here yet.
Keep it simple and continue playing this range until we do get this future breakout.
If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!
Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.
Corey Rosenbloom, CMT
Afraid to Trade.com
Follow Corey on Twitter: http://twitter.com/afraidtotrade
Corey's book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”
SDI Glossary: "price" Definition
SDI Glossary: "Finance" Definition
SDI Glossary: "Stock" Definition
SDI Glossary: "Trend" Definition
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