March 9, 2012
- in Uncategorized by schooloftrade
Gold futures trading in price wedge structure
Our day trading strategy for gold futures is to sell the
highs/resistance and buy the lows/support of the price wedge, and we also had
the opportunity to sell below the PLOD and if price goes back up above the PLOD
we will buy it.
highs/resistance and buy the lows/support of the price wedge, and we also had
the opportunity to sell below the PLOD and if price goes back up above the PLOD
we will buy it.
Gold trading just above the price wedge lows and below the PLOD
so we have to wait at this for higher or lower prices. I’m buying when price goes back above the PLOD
and I’m buy if price tests the support levels below us.
so we have to wait at this for higher or lower prices. I’m buying when price goes back above the PLOD
and I’m buy if price tests the support levels below us.
We want to buy gold futures above the PLOD and
then buy the lows of the price wedge, avoiding the middle of the ranges.
