gold and euro futures setting up for day trading right now…

hi guys!  we have some great trades setting up right now with our simple trading patterns.

we had a great week of winning trades last week, taking over 500 ticks from the market on trades just like these!

lets look at the euro trading at its highs…

we had a nice run up on the euro futures, and its time for traders to take profits, we should join the party on the way down! 🙂

now lets take a look at gold futures, we have a multi-day high of day at 2414 that I will use as my entry long on this reversal pattern off the new lows made late last week.

i will take 1/2 my position off at 17.5, 1/4 off at 22.0, and ill flatten my trade at 1226.5.

im going to read the tape around 26.5 and see what the speed looks like…i will also look for large buyers to enter, and i may hold my position into the previous day’s Low of day, around 1234.5

I will review these trades in our members training on wednesday and Ill keep you all posted on my results here on the blog as these day trades develop.

members, please remember to follow those rules, see you in the live trade room!