February 25, 2013
- in Uncategorized by schooloftrade
Gold Anchor Chart Prep
We begin
with the big move higher this morning on gold now almost ready to collapse as
we head back inside the range from Friday last week. We are ready for a short position using the Inside Out
Set-up and we have 2 easy to find profit-targets on the way down.
with the big move higher this morning on gold now almost ready to collapse as
we head back inside the range from Friday last week. We are ready for a short position using the Inside Out
Set-up and we have 2 easy to find profit-targets on the way down.
Our daytrading plan for the gold Futures is to sell short below the PHOD 1587.0 and
use the current LOD and PLOD as our profit-targets on the way down. We will stay focused on trying to stay in the
short position because this Inside Out Set-up is one of our highest percentage trading
opportunities.
