Tuesday, November 18, 2014

Price Action Channel Selling The Gold Futures; SchoolOfTrade.com



Selling the test of the channel highs this morning allowed us to bank a quick 58 ticks this morning on Gold!

In today's video we see Gold forming a multi-tiered bear channel and failing at the highs.

This gave us an opportunity to sell this failure to bank a gorgeous $580 on only 2 contracts this morning!








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.


Channels are one of my absolute favorite market structures because they are just so consistent! When you see them setting up and testing the highs of a down move, it sure is hard to stay away!



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