I talked about the Russian Market last night as a follow up on
some analysis I did back in Sept where it had an obvious
H&S
anyway RUSL was so extended it offered some day trade bounces on
intra day charts - these have triggered already, just posting as
examples, where I used 15, 30 min charts as triggers for an entry
taking back 50% of the open candle as a short term trade. I
do these sometimes with leveraged volatile ETF's, drill down to an
intra day chart for a trigger RVM trade.
anyway we'll see if the daily forms a hammer or not. Crude
has bounced back today and is now flat, energy stocks have bounced
back
RUSL
Posted by matt on 16th of Dec 2014 at 11:07 am
I talked about the Russian Market last night as a follow up on some analysis I did back in Sept where it had an obvious H&S
anyway RUSL was so extended it offered some day trade bounces on intra day charts - these have triggered already, just posting as examples, where I used 15, 30 min charts as triggers for an entry taking back 50% of the open candle as a short term trade. I do these sometimes with leveraged volatile ETF's, drill down to an intra day chart for a trigger RVM trade.
anyway we'll see if the daily forms a hammer or not. Crude has bounced back today and is now flat, energy stocks have bounced back
rusl
Posted by crazybobo1 on 16th of Dec 2014 at 06:26 pm
Matt, I had not even heard of RUSL before your newsletter last night. I bot 20,000 this morning at 1.93, sold at 2.40!!!.Thanks!
RUSL
Posted by racerick on 16th of Dec 2014 at 11:37 am
Thanks for the RUSL last nite Matt. Was a little late on it this am, caught it when it moved over pre-mkt high around 2.10ish.