February 29, 2012
- in Uncategorized by schooloftrade
day trading strategy on gold futures
our day trading strategy on gold futures uses the 89range
chart to locate the major bull price channel, and then we use the 55range chart
to find the price wedge and the inside day, and then move faster to the 34
range chart where we can see the double-top and the support that come with it
at 1770.0 and 1776.5.
chart to locate the major bull price channel, and then we use the 55range chart
to find the price wedge and the inside day, and then move faster to the 34
range chart where we can see the double-top and the support that come with it
at 1770.0 and 1776.5.
We want to buy the PLOD and the price wedge lows along with
the double-top support. Take profit at
the trigger-zone resistance in the middle of the price wedge and then look to
sell the highs of the price wedge.
the double-top support. Take profit at
the trigger-zone resistance in the middle of the price wedge and then look to
sell the highs of the price wedge.
We will use the faster timeframe the 21 and 13
range charts to plan our entries.
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| Gold Day trading strategy |
