February 2, 2015
- in Uncategorized by schooloftrade
Price Action Consolidation Breakout Trading The Gold Futures; SchoolOfTrade.com
Selling the breakdown of consolidation allowed us to bank a solid 101 ticks this morning on Gold!
In today’s video we Gold balancing after another drop lower and forming consolidation that the buyers can’t even retest the highs of.
This gave us an opportunity to Sell an early breakdown and profit a HUGE $1,010 on only 4 contracts this morning!
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Consolidation like we see here on Gold is a VERY common thing to see after a drop lower and when you see it breakdown in the original direction of the trend you can hop back on the move and profit very nicely from it!
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