Monday, December 1, 2014

Price Action Wedge Trading The Gold Futures; SchoolOfTrade.com



Buying the wedge breakout while resistance was failing allowed us to smash a HUGE winning trade of 213 ticks this morning!

In today's video we see Gold retesting resistance from before and consolidating down into a wedge at that level.

This gave us an opportunity to buy a break of that range and bag a MASSIVE winner of $2,130 on only 2 contracts!





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.


Spiking candles can give a HUGE amount of information and this is a perfect example of that! We have the initial spike retest which held but prices never dropped lower. This gave us a big clue that the buyers were still interested in it and allowed us to make some serious profit because of it!



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