February 16, 2012
- in Uncategorized by schooloftrade
gold futures day trading strategy
We begin our day trading strategy on gold futures with the
89 range chart which shows us the bear price channel, the outside day below PLOD
and the price wedge we are trading at the lows.
We can see major support below us from the trigger-zone from swing low
to swing-high.
89 range chart which shows us the bear price channel, the outside day below PLOD
and the price wedge we are trading at the lows.
We can see major support below us from the trigger-zone from swing low
to swing-high.
We want to buy the lows on the gold futures and
then look for buying pullbacks with new higher-highs.
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| Gold Day Trading Strategy |
The 21-range chart on gold shows us the specific entries we used to buy the lows of the wedge, and now we wait for the pullback to re-enter a long position. keep in mind the higher percentage trade on gold will be above the PLOD.
