June 22, 2010
- in Uncategorized by schooloftrade
Swing Trading, Position Day Trading on Gold Futures, setting up right now…
Im watching the gold futures right now for a 2-step reversal…
We discussed this today in our live trade room, so everyone should already know the trade management on this gold reversal pattern…
I will look for this entry long above 44.4 on the Gold Futures.
Notice how we bounced off the low of day, we made our swing high @ 44.0, and then I check my fast chart (4-range) to see a swing high level @ 44.4, so that will be my entry above 44.4.
I also used some other timeframes of ours to find our profit targets. If you need more information on how to manage this trade, simply log into the advanced course and watch the correct video on that topic.
I will look for profit targets @ 49.5, 52.5, and all the way to the HOD @ 66.0
Good luck on this trade, and Ill keep you all posted to my result!
