Price Action Trading Support Forum

Forum for price action traders that want to learn WRB Analysis basic tutorial chapters 1, 2 and 3 prior to purchasing our advance trade methods. Hashtags: #priceaction #trading
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 Post subject: March 31st Tuesday 2009 - Energy Sector XLE
PostPosted: Wed Apr 01, 2009 2:47 am 
Site Admin

Joined: Sat Jan 10, 2009 2:06 pm
Posts: 3774
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

033109_EnergySPDR_XLE_Traders.png [ 132.29 KiB | Viewed 494 times ]


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 education materials to learn advance trading concepts and advance understanding of the price action.

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

M.A. Perry

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033109_EnergySPDR_XLE_Traders_1a.png [ 27.42 KiB | Viewed 2160 times ]
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