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Posted by Joseph James

Head Trader at Motivator, Trader, Fund Manager and Educator. Joseph focuses on intra-day trading of crude oil, E-mini Russell, Gold, and Euro and his network of traders covers all corners of the industry.

E-Mini S&P day trading plan

by Joseph James on March 14, 2013

in Commodities, Technical Analysis

E-Mini S&P day trading plan
We can see the E-Mini S&P trading higher into the highs of the bullish price-channel, which is causing us to be a little more conservative with our buying opportunities above Wednesday’s highs.  We skipped the first 2 opportunities and now have entered long on the 3rdsignal we saw on our entry chart timeframe.

E-Mini S&P day trading plan
The entry chart on the E-Mini S&P shows us a failed InsideOut Set-up short at this time, so we are buying long up to the top of the bull price-channel around the 1557.50.  Our stop-loss at 1550.75 will take us out of this long position and we will then consider getting short with the very high-% InsideOut Set-up with a profit-target at the 1547.50 trend line and then hold the runner down to the PLOD at 1542.75 for the final target short.

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