Monday, August 19, 2013

Gold Futures Swing Trading Opportunity and Euro Results

Euro 60-Minute
The Euro moved into our Swing Trade buy area between 1.3295 and 1.3269 and quickly bounced up. It never made it up to our first target before pushing lower to 1.3207. This didn't threaten our stop too much and then quickly popped back higher. With that push lower, that forced our Target 1 to be moved a bit lower and when we finally moved higher to fill it, we put around 5-10 ticks in the bag. The other targets are still out and waiting with our stop to break even now.

Gold 60-Minute
Gold caught a VERY nice push higher and I am looking for a pullback to 1344.5 - 1334.1 to take this back long. This entry will be directly on top of the wedge low as well as the BMT at 1338.6. Once we get that filled, we will be looking for our first target at the opposing TZ first, target 2 a bit ahead of the swing high at 1384.1 and the final target higher up around the 1400.0 area for BRN resistance. 

Come join us in the room and see how we do it!

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