Thursday, January 8, 2015

Price Action Channel Trading The Gold Futures; SchoolOfTrade.com



Buying the failed attempt from the sellers to break the channel allowed us to bank a VERY fast 91 ticks this morning on Gold!

In today's video we see a Gold sellers stepping in and attempting to break down the bull move and break the channel lows.

This gave us an opportunity to buy price right back up once they began failing and bank a gorgeous $910 in just a few minutes!




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 and trend lines are the life blood of the markets. They are EVERYWHERE and paying attention to them makes a HUGE difference in trading. Buyers and sellers will always fight it out near the highs and lows but the important part is watching for who wins the fight and jumping on board with them for the ride up to profits!

 

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