October 22, 2015
- in Uncategorized by schooloftrade
Price Action Trading The Flag Pattern On Gold Futures; SchoolOfTrade.com
Buying the Flag Pattern Higher on Gold Futures allowed us to pick up 204 ticks this morning!
In today’s video we see the Gold Futures in a range with a Flag Pattern pullback ahead of the range high of day.
This gave us an opportunity to buy the early entry and the standard entry up for $2,040 on the trade!
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Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. We have a range day formation overall with the sellers failing to prove they are interested making a run for the downside and turn the day into a bearish trend leaving the door wide open for the buyers to sweep and in shove price right back up to the highs again on the Flag Pattern Setup!
Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. We have a range day formation overall with the sellers failing to prove they are interested making a run for the downside and turn the day into a bearish trend leaving the door wide open for the buyers to sweep and in shove price right back up to the highs again on the Flag Pattern Setup!
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