Tuesday, March 10, 2015

Price Action Trading The Channel On The Gold Futures; SchoolOfTrade.com

Buying the low dip of the EMA after sellers completely fall apart at the channel allowed us to bank a solid 144 ticks this morning!

In today's video we see Gold overextending higher and pulling back to the EMA for a test and bounce.

This gave us an opportunity to buy the bounce back up for $1,440 in solid profits on the ride back to the highs!

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.

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Channels are by far my favorite chart pattern and you can use them in SO many different ways, even when they start to break a bit! The versatility alone makes it so you almost HAVE to pay attention to them through the day.

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