Monday, October 7, 2013

Gold Day trading strategy;

Gold Anchor CHart

We can see the anchor chart is telling us the market personality is trading sideways with a slightly bullish tone in the long-term trend.  We are going to use this information to combine with our set-up chart to look for trades that in the same direction.  

Gold Set-Up Chart
In this case, the sideways market sentiment on the anchor chart tells us to buy-the-lows at support for the high-percentage-trades because the slightly bullish tone and the sideways-trading-range tell us that the lows will be the easy money.

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