Wednesday, July 16, 2014

Double Top Trading Gold Futures;

Here’s the trade set-up for this Double-Top Reversal Pattern… 

price-action has been testing the highs all morning, but the most recent test of the highs looks like the buyers are ready to give up…

I am watching for price-action to test my entry zone… and when it does I will enter this trade short at the highs for an easy price-reversal opportunity.

We use a simple trading strategy that can be used on ALL markets! When you learn these simple strategies you will be able to make profits on any market you wish to trade, from Futures to Stocks and everything in between.

When you are looking at a counter trend trade like this one, I am always a bit more aggressive on my targets and stops to ensure that the trade doesn't turn into a loser after it has been profitable just to make sure that if it does reverse back into the trend direction, you are out with a profit.

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