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 Post subject: March 31st Tuesday 2009 - Energy Sector XLE
PostPosted: Wed Apr 01, 2009 1:47 am 
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Joined: Sat Jan 10, 2009 1:06 pm
Posts: 2974
Location: Canada
Price Action of the Day

Energy Sector XLE
Exchange Traded Funds
3min chart

It doesn't matter if your trading energy stocks, enery futures or energy exchange traded funds...they all are volatile (volatility).

Looking at the XLE chart, the wrb s/r zone via tutorial chapter 6 provides strong support to help find trade signals.

However, the price action of that wrb s/r zone can be exploited for other types of such as the following:

* Profit targets when trade signals occur above/below the zone

Attachment:
033109_EnergySPDR_XLE_Traders.png
033109_EnergySPDR_XLE_Traders.png [ 132.29 KiB | Viewed 380 times ]

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Note: The "price action of the day" is just a simple trading tip (not an entry signal) that correlates with some of the concepts being taught in the strategies (VTR, STR, APAOR or AJCTR) and WRB Analysis Tutorials.

Simply, the purpose for this trading tip is to encourage questions by those that have a sincere interest in purchasing TheStrategyLab.com education materials to learn advance trading concepts and advance understanding of the price action.

Further, if you're already a fee-base client...do not join this discussion forum unless your a member of our reference list. Instead, if you have questions about this trading tip...post a link to this message post at your private forum for fee-based clients and I'll respond at your forum.

Regards,
M.A. Perry

Go Back To TheStrategyLab.com Homepage


Attachments:
033109_EnergySPDR_XLE_Traders_1a.png
033109_EnergySPDR_XLE_Traders_1a.png [ 27.42 KiB | Viewed 1436 times ]
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