May 15, 2013
- in Uncategorized by schooloftrade
Scalping-strategy Gold Prep
 |
| Gold Scalping Strategy |
We use the
anchor chart to show us direction and major support and resistance levels for
us to use with the scalping-strategy this morning on gold. We can see the bearish price-channel and we
are sitting at the lows. We can also see
a short term sideways-trading-range has developed, which is an important
clue. First, we always want to buy the
lows of any trading range or price-structure such as a price-channel. The issue comes with the sideways-trading-range
because we will likely see this price-action trade INSIDE this range until
something big pushes higher or lower.
anchor chart to show us direction and major support and resistance levels for
us to use with the scalping-strategy this morning on gold. We can see the bearish price-channel and we
are sitting at the lows. We can also see
a short term sideways-trading-range has developed, which is an important
clue. First, we always want to buy the
lows of any trading range or price-structure such as a price-channel. The issue comes with the sideways-trading-range
because we will likely see this price-action trade INSIDE this range until
something big pushes higher or lower.
