August 14, 2013
- in Uncategorized by schooloftrade
Gold day trading strategy
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| Gold 30-Minute VIP Chart |
Gold is trading inside
the range from yesterday, which we call an ‘inside day’ and we expect to see price-action
trading inside this range until the market personality changes. We will buy the lows and sell the highs of
the price-wedge and trading-ranges we see marked on this chart.
the range from yesterday, which we call an ‘inside day’ and we expect to see price-action
trading inside this range until the market personality changes. We will buy the lows and sell the highs of
the price-wedge and trading-ranges we see marked on this chart.
As we move lower, I am looking to buy the
lows of the price-wedge and PLOD at 1315.1.
If we go through the PLOD and the sellers are strong I will then move to
selling retracements with our wave-pattern-short using the 1304.1 PLOD as our profit-target.
lows of the price-wedge and PLOD at 1315.1.
If we go through the PLOD and the sellers are strong I will then move to
selling retracements with our wave-pattern-short using the 1304.1 PLOD as our profit-target.
