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Price Action Trading The Gold Futures Flag Pattern; SchoolOfTrade.com
Selling the Flag Pattern Breakdown allowed us to pick up a gorgeous run lower for 138 ticks this morning!
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 start the day with massive selling pressure down on Gold and they sure look like they mean business. No need to swim against the current, wait for a setup and sell right along with them and pull in those profits while the counter trend traders get stopped out!
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“Feed a man Fish and He eats for a day.
Teach a Man to Fish and He (and his family) will eat for a Lifetime”