November 5, 2014

Flag Breakout Price Action Trading The Gold Futures; SchoolOfTrade.com

Buying the breakout of the morning Flat Pattern on Gold allowed us to bank a quick 47 ticks!
In today’s video we see a large flag forming on the Gold Futures as well as the sellers completely failing to take control.

This gave us an opportunity to buy the breakout and pull in a quick $470 on the trade!

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Flag Patterns are one of the oldest patterns in the book and when you can spot them, they can reward you handsomely for trading them! There is a reason these chart patterns have been around for such a long time after all!

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