Wednesday, October 22, 2014

Support And Resistance Trading The Gold Futures; SchoolOfTrade.com



Selling the resistance after the fake-break low allowed us to bank 62 ticks this morning on a VERY slow day in the markets.

In today's video we see the Gold attempting to push lower but forms a fake-break low and pops right back up again.

This gave us an opportunity to sell the break down of the PLOD/Harmonic Resistance for $620!




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.


Inside Out Patterns are VERY strong when traded properly and are one of my favorite setups. Today was a beautiful example of this where you could have easily bought several of them back up and made some serious cash in very short time!



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