March 7, 2012
- in Uncategorized by schooloftrade
Day trading strategy for gold futures
Our trading strategy for gold futures uses the 233 range to
find the most important levels of support and resistance. We can see we’re trading inside the range
from Tuesday so we need to buy as price falls and sell as price rises.
find the most important levels of support and resistance. We can see we’re trading inside the range
from Tuesday so we need to buy as price falls and sell as price rises.
The 89 range chart on gold futures shows us the new bear price
channel and we know the higher percentage with this bear price channel is to sell
the highs/resistance. If price drops we buy
the lows/support and if price rises we sell the highs/resistance. Make sure we are aware its going to be sloppy
in the middle.
channel and we know the higher percentage with this bear price channel is to sell
the highs/resistance. If price drops we buy
the lows/support and if price rises we sell the highs/resistance. Make sure we are aware its going to be sloppy
in the middle.
Gold futures 55 range chart shows us the same bear price
channel so we look to sell the highs as high percentage, but then we also add
new trend lines and new trigger-zones overhead which further confirm our goal
of being patient and selling the highs of this price channel.
channel so we look to sell the highs as high percentage, but then we also add
new trend lines and new trigger-zones overhead which further confirm our goal
of being patient and selling the highs of this price channel.
The 34 range on gold shows us a new short term price wedge and
bull price channel, so lets use the highs and lows to buy and sell. Buy the lows/support
of the price wedge @ 69.5 area and sell the highs of the price wedge @
1690.0. use the short-term-trend bullish
as your guide to buy the support as price moves higher.
bull price channel, so lets use the highs and lows to buy and sell. Buy the lows/support
of the price wedge @ 69.5 area and sell the highs of the price wedge @
1690.0. use the short-term-trend bullish
as your guide to buy the support as price moves higher.
