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 Post subject: May 11th Monday - Exchange Traded Fund FAS
PostPosted: Sun May 17, 2009 6:52 am 
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Joined: Sat Jan 10, 2009 1:06 pm
Posts: 2826
Location: Canada
Price Action of the Day

Direxion Daily Financial Bull 3X Shares (FAS)
Exchange Traded Fund
3min chart

This particular WRB S/R Zone via tutorial chapter 6 controlled the price action for the remainder of May 11th Monday and provided the key change in supply/demand for other key WRB S/R Zones (not shown) that controlled the price action that resulted in the big price decline soon after the opening bell on May 12th Tuesday.

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Note: There are many WRB price actions on the attached chart. However, not all WRB's are the same and only a few represent a key change in supply/demand that can be used to reveal which of your trade signals has the highest probability to result in a profit along giving you the option of using key WRBs as profit targets...resulting in a better understanding of the price action you're trading and improved trading performance of your trade strategies.

(WRB Analysis for traders to improve the performance of their own trade strategies)

http://www.thestrategylab.com/WRBAnalysisTutorials.htm

(Trade Strategies and WRB Analysis for traders that need profitable entry signals with efficient trade management)

http://www.thestrategylab.com/TradingReports.htm

Regards,
M.A. Perry

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File comment: Direxion Daily Financial Bull 3X Shares (FAS)
051109ChartTalkTSL_ExchangeTradedFund_FAS.png
051109ChartTalkTSL_ExchangeTradedFund_FAS.png [ 126.3 KiB | Viewed 1158 times ]
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