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May 11th Monday - Exchange Traded Fund FAS http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=80&t=184 |
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Author: | wrbtrader [ Sun May 17, 2009 7:52 am ] | ||
Post subject: | May 11th Monday - Exchange Traded Fund FAS | ||
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. ---------------- 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 Go Back To TheStrategyLab.com Homepage
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