June 14, 2013

Gold Day trading strategy

Gold Day Trading Strategy
Gold is
still locked inside a very narrow trading range this morning.
  We can see the bearish tone to the price-action
along with the lower-highs and higher-lows creating the price-wedge structure.  We must remember to trade this market personality
like a sideways-trading-range, avoiding the middle of the range, buying the
lows and selling the highs.  The BEST
trading opportunities will occur after a fake-out-breakout at the highs or the
lows, so wait patiently this morning for Gold to break to new higher-highs or lower-lows
and then look for the price-reversal and the trade to take us back inside the price-wedge.

    schooloftrade

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